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243 Million Shiba Inu Burnt In 24 Hours, 3.96 Billion In a Week, While 26B SHIB Destroyed Since Burn Portal Launch

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Billions of Shiba Inu Keeps on Burning.


 

24 Hour Burn:

Over 243.06 million SHIB has been sent to the dead wallet by Shiba Inu Community using Burn Portal in the last 24 hours.

Data shared by the Shibburn Twitter account shows that in the past 24 hours, the SHIB community has burned 243,069,460 (243.06M) SHIB tokens, removing them from circulation. That amount of crypto was shifted in 54 transactions.

The burn rate declined by -37.21% over the last day when 311,860,295 (311.86M) SHIB tokens were burned through 46 separate transactions.

Weekly Burn:

According to our calculations, over 3.96 Billion tokens have been taken out of circulation forever in the last seven days through 367 separate transactions.

ShibaDoge (SHIBDOGE) is the top burner of the week. The meme-inspired token has sent a whopping 1 billion Shiba Inu tokens to the dead wallets, worth over $20,000 in a single significant transaction on Thursday.

SHIB Burn Portal:

SHIB Burn Portal went live on April 23, 2022 (16 days ago). The Portal has increased the burn rate dramatically, as the community is taking part in it enthusiastically while burning millions of coins on an hourly basis. The community in return, receives rewards in the form of Ryoshi Vision (RYOSHI), a new official partner token of the SHIB ecosystem.

Since the launch of SHIB Burn Portal, a whopping total of 26,357,419,583 (26.35B) SHIB tokens worth $458,619 have been burned through hundreds of separate transactions.

26b shib burnt
image source: https://burn.shibaswap.com/

Despite aggressive burn in play, the Shiba Inu (SHIB) price is under intense selling pressure. Shiba Inu registered its all-time high price (ATH) on October 28, 2021 (6 months ago). Since then, the dog-themed cryptocurrency has lost its -80.26% of value.

At the time of writing, the Shiba Inu price is trading at $0.00001758, down -7.30% over the last day, with a 24-hour trading volume of $552,903,446 ($552.90M).

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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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