Over 6.05 Billion Shiba Inu (SHIB) Tokens were Burnt in March.
Over 6.05 billion Shiba Inu (SHIB) tokens were destroyed in March 2022, while over 463.34 million SHIB tokens were burned on the month’s final day.
Shibburn.com recently released a monthly burn figure and reported that 6,050,996,291 (6.05B) SHIB tokens had been sent to the dead wallet by the community-led burning initiatives in March 2022 of 430 separate burns. This marks the record month for Shiba Burning, as this figure is a whopping 400% higher than the previous month when only 1,480,346,835 (1.48B) SHIB tokens had been taken out of circulation forever.
? 6,050,996,291 $SHIB tokens have been burned in the month of March with 430 transactions. #shibarmy
— Shibburn (@shibburn) April 1, 2022
On the month’s final day, a whopping 463,342,447 (463.34M) SHIB has been taken out of circulation forever through 11 separate burns.
In the past 24 hours, there have been a total of 463,342,447 $SHIB tokens burned and 31 transactions. Visit https://t.co/t0eRMnyZel to view the overall total of #SHIB tokens burned, circulating supply, and more. #shibarmy
— Shibburn (@shibburn) April 1, 2022
Top Burners of the Month:
Three newly emerged tokens, ETH SHIBA, ShibaBurn, and 1Cent, are among the top SHIB burner of the month and have stolen the show from Travis Johnson’s Bricks Buster game, which manages to secure 4th spot as the biggest burner of SHIB this month.
ETH SHIBA FLASH BURN EVENT:
ETH SHIBA hosted a FLASH BURN EVENT soon after P2PB2B, London-based world’s fastest-growing cryptocurrency exchange, officially declared the listing of ETH SHIBA on its platform.
ETH SHIBA will be listed on P2PB2B
?Trading pairs: ETHSHIB/USDPETH SHIBA allows crypto investors to earn regular dividends in the form of Binance Pegged ETH just by holding a minimum of $ETHSHIB in their wallet.
?Website: https://t.co/OIf1AZ17LZ pic.twitter.com/qpI3sclU3h
— P2PB2B Exchange (@p2pb2b) March 31, 2022
As per details provided by ETH SHIBA, it will be available on the exchange for trading from 5th April 2022. This marks the first CEX listing for the newly emerged token, and to celebrate this milestone, ETH SHIBA reportedly sent 15 BNB with SHIB tokens, i.e., 242,328,377 (242.328M) to dead wallet through a single transaction. Shibburn.com verified the burn.
?? 242,328,377 $SHIB -> transferred to dead wallet. https://t.co/xs1BLg7BJ8
— Shibburn (@shibburn) March 31, 2022
ETH SHIBA allows crypto investors to earn regular dividends in the form of Binance Pegged ETH just by holding ETHSHIB in their wallets. The token has already distributed over 97 ETH in rewards to its holders till now.
The token is only three weeks old and has no official relation with the Shiba Inu token. Twenty-one days since its launch, ETH SHIBA has achieved so much and is moving ahead of schedule with its ETH SHIBA roadmap. The token is now listed on two world-famous data tracking websites, CoinGecko and CoinMarketCap, and has more than 2,000 holders.
Moreover, the token claims that it has contributed to SHIB burn. The project has taken over 1.5 billion Shiba Inu tokens out of circulation forever.
From 5th April 2022, trade #ETHSHIB on @p2pb2b!
The first exchange where #EthShiba will be listed!
✅ Live on CG and CMC
✅ +97 ETH in Rewards
✅ First Exchange listing
Second listing coming up soon!#SHIBARMY #P2PB2B #CoinGecko #CoinMarketCap pic.twitter.com/o3yK0LFQ0a— ETH SHIBA (@eth_shiba) March 31, 2022
Record BURN EVENT of the Month:
The biggest Burn Event of the week was from ShibaBurn-token, a new token aiming to burn SHIB while using 5% of its tax fees collected from its holders. The event was covered live on Mathew G. Perry’s official Youtube Channel named “Let it Burn” and had set a new record by burning 1 billion SHIB in just a single transaction.
1CENT BURN EVENTS:
1Cent is also a new token showing solidarity with the Shiba Inu Community and aims to reduce Shiba Inu’s total circulation supply (SHIB).
Three weeks or 21 days since the token launch, 1Cent has reportedly destroyed a whopping 1,004,717,957 (1.0B) SHIB.
I'm pleased to announce 1Cent in 3 weeks over 1 billion SHIBA INU Burned ? third burn streamed Live tomorrow AMA 18.00 utc. hold? https://t.co/KQ1kz61EoO@GossipShib @InvestRuiz @WatcherGuru @shibburn @DiarioCripto @BurnCommunity pic.twitter.com/iymWywxqRt
— 1Cent (@1Cent_token) March 28, 2022
Travis Johnson’s Bricks Buster Game BURN EVENT:
Besides these tokens, Travis Johnson’s Bricks Buster game has taken out 595,232,837 (595M) SHIB tokens worth $13,118 from circulation forever on 17th March 2022 via the planned SHIB Burn Event.
Impact on SHIB Price:
As per data provided by CoinGecko, Shiba Inu’s price is experiencing a slight downfall of over 6% for the month; however, shown satisfactory performance in the past 14 days and is up 13.8%. Considering the seven days, SHIB’s price is currently up 2.7% for the week.
At the time of writing, Shiba Inu’s price is trading at $0.00002510, down over 9% over the last day, with a 24-hour trading volume of $1,270,566,697 ($1.27B).
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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