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Community Burns 580 Million Shiba Inu In 24 Hours, 22 Billion In A Week: Report

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SHIB Community Burns 580 Million Shiba Inu In 24 Hours, 22 Billion In A Week.



580.63 Million Shiba Inu (SHIB) Burnt within the Past 24 Hours and 22.20 Billion in Last Week.

1Cent token and Travis Johnson’s SHIB Burn Games are among the top SHIB Burn contributors of the Week. One Mysterious wallet sent 10 Billion SHIB to a dead wallet in one significant transaction. SHIB Burn Portal reaches a major milestone as over 50 Billion SHIB tokens have been destroyed since launch.

The burn rate of Shiba Inu (SHIB) increased this week’s manifolds as the Community cheered the distribution of the first ShibaBurn rewards on May 17th (Tuesday).

As per Shibaburn.com, the SHIB Army has sent a whopping total of 22,200,398,699 (22.20B) SHIB tokens to the dead wallet in the last seven days through 497 separate transactions.

Top SHIB Burner of the Week: Mysterious wallet

Following the distribution of ShibaBurn rewards, one mysterious wallet becomes active and has created a history by sending 10 billion SHIB, worth $124,300 to the dead wallet in a single significant transaction. This marks not only the largest community-led burn in history so far, but the biggest one in a single transaction, and also the biggest one since the Burn Portal launch.

The mysterious wallet first burned 1,325,571,332 (1.32B) SHIB, worth $32,346 in two separate transactions, on April 24, 2022 (the very next day of the SHIB Burn Portal Launch).

Since then, the wallet has sent a total of 11,325,571,332 (11.32B) SHIB, worth $156,646 to the dead wallet in three separate transactions.

1CENT Weekly BURN EVENT:

SHIB-inspired token, “1Cent” stands at the top 2nd biggest SHIB Burner of the week. The team behind the token organized its Weekly Burn Event on Monday. Through this event, the 1Cent token has sent 100,135,030 (100.13M) SHIB, worth only $1204 to the dead wallet, in one significant transaction.

Soon after the tweet, the transaction link was updated on the token official website as a “Proof of Burn.” The website claims that the project has sent a whopping total of 2,086,756,995 (2.08B) SHIB to a dead wallet since March 14th, 2022.

Past 24 Hour Burn:

Besides weekly burns, 580,638,304 (580.63M) SHIB tokens have been permanently removed from circulation by Shiba Inu Community through 51 separate transactions in the last 24 hours, with the help of the SHIB Burn Portal, Shibburn.com reports

Travis Johnson’s SHIB Burn Games made the single largest burn transaction, including over 54 million Shiba Inu tokens, and is recognized as one of the top SHIB Burners for the day.

Travis Johnson’s SHIB Burn Games Weekly BURN EVENT:

Travis Johnson’s SHIB Burn Games has organized its first-ever Weekly Burn Event on Sunday. Following the Burn Event, the company comes up with the update that they have burned a total of 54,917,856 SHIB, worth $649.13 through one transaction.

The company also has shared a few screenshots and a transaction link via tweet as a “Proof of Burn” with the community.

The company is contributing to Shiba Inu Burns since November 2021. The company is organizing its “Monthly Burn Party” on the 15th of every month. But following the announcement of the distribution of the first ShibaBurn rewards, the company decided to change its burning schedule i.e., SHIB Burn Games will now burn SHIB every week instead of once a month.

As per the company, it has burned a total of 1,981,210,929 (1.98B) SHIB tokens since November 2021.

The company has developed three games, including one of its famous Brick Buster. The other two games include Candy Trips and Zombie Assassins. All these games are available to play on Google App Store. As per the company’s official website, 100% of their ad revenue earned from games goes to SHIB Burn. Besides the Games, the company also has one official YouTube Channel named “ShibPlay” and various apps like ShibSphere available to download on Google App Store, all dedicated to SHIB Burn.

SHIB Burn Portal Reaches Major Milestone: 50 Billion SHIB Burnt

On Sunday, SHIB Burn Portal achieves a major milestone of burning 50 billion SHIB tokens, worth $579,500 (as of current price). This indicates the massive success of the Burn Portal as this milestone is achieved in less than a month.

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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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