Over 1.49 billion Shiba Inu (SHIB) tokens were burnt within the last 7 days and over 39.83 million during the last 24 hours.
Shibburn.com recently reported 96 transactions towards the dead wallet during the last week, through which 1,496,133,933 (1.49B) dog-themed tokens have been taken out of circulation forever by community-led burning initiatives.
In the last 7 days, there have been a total of 1,496,133,933 $SHIB tokens burned and 96 transactions. #shibarmy
— Shibburn (@shibburn) April 3, 2022
Top SHIB Burner of the Week:
Three newly emerged tokens, ETH SHIBA, 1Cent, and ScareCrow (SHIB Protector) were among the top SHIB burner of the week.
ETH SHIBA Weekly Burn Event:
ETH SHIBA, a new token supporting SHIB burn, has successfully organized two burn events this week.
ETH SHIBA reportedly had organized a Weekly Burn Event on Tuesday (29th March 2022). The team behind the newly emerged token has sent 400,603,675 (400.6M) SHIB to the dead wallet through this event.
ETH SHIBA FLASH Burn Event:
ETH SHIBA organized another event named “FLASH Burn Event” on 31st March 2022. This event was not scheduled and came as a surprise soon after P2PB2B, the London-based world’s fastest-growing cryptocurrency exchange officially declared the listing of ETH SHIBA on its platform. This marks the first-ever CEX listing for the newly emerged token.
Through FLASH Burn Event, ETH SHIBA successfully sent 15 BNB value of SHIB tokens, i.e., 242,328,377 (242.328M) to a dead wallet through a single transaction.
In this way, individually ETH SHIBA has been able to take out a whopping total of 642,932,052 (642.93M) SHIB from circulation forever.
3 weeks since its inception, the project “ETH SHIBA” has been able to send over 1.5 billion Shiba Inu tokens to the dead wallet, permanently taking them out of circulation.
1Cent Weekly Burn Event:
1Cent is another newly emerged token that supports SHIB burn. 1Cent has organized an official Weekly SHIB Burn Event on March 28th, 2022. Through this event, the team behind the newly emerged token had been able to send a whopping total of 290,590,004 (290.59M) SHIB to the dead wallet in one transaction.
3 weeks since its inception, the project “1Cent” claims to burn over 1.00 billion Shiba Inu tokens to the dead wallet, permanently taking them out of circulation.
ScareCrow (SHIB Protector) Auto-Burn Mechanism:
ScareCrow (SHIB Protector) is also a newly emerged token and is using a unique auto-burn feature for SHIB.
The ScareCrow token applies a 3% Buy Tax, 8% Normal Sell Tax, and 25% Early Sell Tax on holders that sell Scarecrow tokens within 24 hours of buying. Whenever someone buys or sells tokens, ScareCrow automatically uses the taxed amount to buy SHIB and burn.
Through this burning mechanism, ScareScrow (SHIB Protector) token has burnt over 400 million SHIB during the past week.
Past 24 Hour Burn:
5 transactions have been tracked by the SHIB burn tracking service within the last 24 hours. These five transactions were responsible for burning 39,832,229 (39.83M) SHIB tokens.
In the past 24 hours, there have been a total of 39,832,229 $SHIB tokens burned and 5 transactions. Visit https://t.co/t0eRMnyZel to view the overall total of #SHIB tokens burned, circulating supply, and more. #shibarmy
— Shibburn (@shibburn) April 4, 2022
As per data provided by Shibburn.com, a total of 410,309,754,974,180 (410.30T) Shiba Inu has been taken out of circulation forever from the initial supply of 1 quadrillion tokens. Whereas 39,485,816,187,831 (39.48B) of SHIB has been staked by holders on ShibaSwap. In this way, the current circulating supply of SHIB comes out to be 550,204,428,837,988 (550.20T) tokens.
Bigger Entertainment Quit Supporting SHIB and Burn:
Besides this massive burning, Steven Cooper, an owner of Bigger Entertainment has declared that he is no more going to help SHIB burning. The reason is however not clearly defined but according to Steven Cooper, he is not feeling satisfied with the recent developments. For him, the main focus of shib development team should be SHIB burn.
Bigger Entertainment has begun its SHIB burning campaigns last October 2021. Since then, the music company was able to burn over 1.5 billion SHIB.
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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