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Home Crypto News Market Over 258 Million Shiba Inu Tokens Burnt Within 24 Hours: Details

Over 258 Million Shiba Inu Tokens Burnt Within 24 Hours: Details

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Above 258.29 Million Shiba Inu (SHIB) Burnt Within Past 24 Hours.


 

Shibburn.com recently released a 24-hour burn figure and reported that 258,294,131 (258.29M) SHIB tokens have been burned through 11 separate transactions by the community-led burning initiatives and developer built burning mechanisms during the period of last 24 hours.

Two newly emerged tokens, 1Cent and ScareCrow (SHIB Protector), contributed the largest share and appeared to be the top SHIB burner of the day.

1Cent Weekly Burn Event:

For the 5th month straight, 1Cent, a newly emerged token supporting SHIB burn, organized a Weekly Burn Event on 11th April 2022. The project claimed that they sent 145,686,435 (145.68M) SHIB to the dead wallet in one large transaction yesterday.

In total, the project “1Cent” has taken out a whopping 1,311,802,045 (1.31B) SHIB from circulation within one month and four days.

ScareCrow (SHIB Protector) Auto-Burn Mechanism:

ScareCrow (SHIB Protector), another newly emerged token using its unique auto-burn feature, burned 104,563,610 (104.56M) through 4 separate transactions, as per data provided by Shibburn.com.

 

shib burn
image source: Shib Burn

ScareCrow automatically uses the taxed amount to buy SHIB and burns whenever someone buys or sells tokens.

This unique auto-burning mechanism sent over two billion+ SHIB to the dead wallet within four weeks.

Renaming of Shiboshi:

Renaming of Shiboshi, a developer-built SHIB burning mechanism, is also held responsible for burning 3,765,784 (3.76M) SHIB through 2 separate transactions.

Current SHIB Price:

At the time of writing, the Shiba Inu is trading at the price of $0.00002278, down -6.38% over the last day. The 24-hour trading volume for the popular dog-themed cryptocurrency surged over 19% compared to the previous day and currently stands at $760,451,145.35 ($760.45M).

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Disclaimer

The content is for informational purposes only and 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.

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.

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