436.36 Million Shiba Inu (SHIB) Tokens Gone Forever Within Last 7 Days; Burn Rate Increases Whopping 286% Compared to Previous Week.
Over 436.36 Million Shiba Inu (SHIB) tokens have been taken out of circulation forever within the last seven days, and 19.46 Million tokens burnt within the previous 24 hours.
Recently, the official Twitter handle of Shibburn reported that a total of 436,364,849 (436M) Shiba Inu tokens had been sent to the dead wallet by the Shib Army, with the help of eighty transactions.
In the last 7 days, there have been a total of 436,364,849 $SHIB tokens burned and 80 transactions. #shibarmy
— Shibburn (@shibburn) March 6, 2022
This means the burning rate increased whopping 286% this week compared to last week’s burn of 152,439,298 (152M) SHIB tokens. The data indicate that more and more community projects are coming in to burn Shiba Inu tokens day after day.
On the other hand, the same source reported 19,464,019 (19.4M) Shiba Inu tokens with 11 transactions burned within the last 24 hours, that is, March 6th, up 9.86% compared to the previous day’s (March 5th) burn of 17,723,856 SHIB tokens (17.7M) in 13 transactions.
So far, a total of 410,303,727,377,104 SHIB tokens have been taken out of circulation forever from the initial supply of 1 quadrillion. In contrast, 36,897,845,252,681 tokens have been staked by holders on Shibaswap, as per data provided by Shibburn.com.
In this way, the current SHIB’s total circulating supply comes out to be 552,798,406,041,419 tokens.
Shiba Inu token is poised to reach its new all-time high (ATH) if the burning momentum keeps building and shib ecosystem keeps on growing at the same pace increasing the shib demand while burning to decrease the supply over time.
Shiba Inu has registered its previous all-time high (ATH) price of $0.00008845 on October 28, 2021 (4 months ago). At the time of writing, Shiba Inu is trading at $0.00002325, down 3.86% for the day and -73.77% from its all-time high (ATH) price.