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New Record: 1 Billion Shiba Inu Burnt in a Single Transaction, 1.15B SHIB Burned Within 24 Hours, Over 2B In 48 Hours

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1 Billion Shiba Inu (SHIB) Tokens Destroyed in a Single Transaction By ShibaBurn Project; 1.15 Billion Shiba Inu (SHIB) Tokens Destroyed Within 24 Hours.


 

ShibaBurn, a new token, has set a new record by burning 1 billion Shiba Inu (SHIB) tokens in a single transaction. This marks the largest community-led burn in history so far, also the biggest one in a single transaction.

ShibaBurn token’s burn party was scheduled for 22nd March 2022 and hosted live by Matthew G Perry on his official Youtube Channel named “Let It Burn.” As promised, during the party, the ShibaBurn token burned 1 Billion Shiba Inu (SHIB) tokens in a single transaction. This marks the first-ever Shiba Burn Party for the Let It Burn YouTube channel and is now registered as the LARGEST community-led SHIB burn in the record books.

Shibburn verified the transaction:

 

Soon after the party, Matthew G Perry, a party organizer, sent 1 million more Shiba Inu tokens to a dead wallet in a single transaction.

In this way, both Matthew G Perry and ShibaBurn burnt 1.1 billion Shiba Inu tokens in one day.

Shibburn.com confirmed 33 transactions towards dead wallets via tweet and reported that 1,157,908,364 (1.15B) SHIB tokens had been taken out of circulation in the past 24 hours. This number is 14.05% more than the previous day’s burn of 1,021,292,580 (1.02M) SHIB.

The newly emerging tokens played a significant role as during the last 48 hours, the community-led initiatives destroyed 2,179,200,944 (2.17B) Shiba Inu tokens.

Readers should note that ‘ShibaBurn-Token’ has no official relation with Shiba Inu (SHIB) token. Investors should have done their research before investing in such projects.

NowPayments New Shib Burn Feature For Merchants:

Yesterday NOWPayments presented the optional burn for merchants — a feature that helps businesses burn SHIB & LEASH profit by selecting which part of their profit they would like to burn.

Optional burn feature by NOWPayments allows Businesses to count the amount of their SHIB & LEASH profit right in NOWPayments’ account. Businesses that accept Shib and leash as payments can easily select the percentage mark-up for the burning to contribute to NowPayments New Shib Burn Feature.

 

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Zabi
Zabi
Zabi is crypto enthusiastic with more than 10 years of experience in managing Google News-approved Finance websites. Zabi has a strong background in finance with a thorough understanding of cryptos and a solid grip on the crypto and financial market industry. Along with his passion for crypto writing, Zabi manages his personal stock and finance-related Google News-approved websites.

Disclaimer: The content is for informational purposes only, may include the author's personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.

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