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New Record: 31 Billion Shiba Inu Burnt In May, The Highest Ever Monthly Community Burn

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31.05 Billion Shiba Inu Burnt In May.



Shiba Inu Community breaks all previous records of burning SHIB in one month. Over 31.05 billion Shiba Inu (SHIB) tokens have been moved out of circulation in May 2022. All Thanks to the “ShibaBurn Rewards”.

Shibburn.com recently released a monthly burn figure and reported that 31,059,157,423 (31.05B) SHIB tokens had been destroyed by the community in May 2022 of 1,331 separate burns. This marks the record month for Shiba Burning, as this figure is 18% higher than the previous month when only 26,109,968,050 (26.10B) SHIB tokens had been burned.

The massive burn comes after an official partner token of the Shiba Inu ecosystem; Ryoshi Vision officially announced the first distribution of ShibaBurn rewards among SHIB Burners. This announcement wins the trust of the Shiba Inu Community and encourages more Shiba Inu holders to burn their SHIB tokens in exchange for rewards.

The month of May can be recognized as the “Burning Month of 2022” because of the following reasons:

1). Biggest SHIB Burn of the History in a Single Transaction:

One mysterious wallet created history by sending 10 Billion SHIB, worth $124,300 to the dead wallet in one significant transaction. This massive transaction took place on May 18, 2022.

2). SHIB Burn Portal Achieved Major Milestone of Burning 50 Billion SHIB:

The excitement of ShibaBurn rewards distribution prevails further when SHIB Burn Portal officially hit a major milestone of 50 Billion burnt Shiba Inu tokens in less than a month. The achievement was unlocked on May 22, 2022.

3). SHIB Burning Becomes Possible via Amazon:

On May 26 (Thursday), Travis Johnson’s SHIB Burn Games, one of the prominent community-led SHIB Burner projects introduced a new way to burn SHIB, i.e., Burning SHIB via Amazon. The company confirms the acceptance of SHIB Super Store’s official website into the Amazon affiliate program. This has unleashed the possibility to burn Shiba Inu tokens via Amazon.

Prominent SHIB Burners Project of the Month:

1Cent, a token dedicated to burning SHIB, and Travis Johnson’s SHIB Burn Games are among the prominent SHIB Burners project of the month.

1Cent Burn Events: 1Cent, a token dedicated to burning SHIB organized 5 Weekly Burn Events in the month of May. Through these events, 1Cent has reportedly destroyed a total of 466,644,881 (466.64M) SHIB through 6 separate transactions. The project claims to burn a whopping total of 2,225,768,297 (2.22B) SHIB through 13 separate transactions since March 14th, 2022.

Travis Johnson’s SHIB Burn Games’ Burn Events: Travis Johnson’s SHIB Burn Games, a community-led project has organized 3 Burn Events in the month of May. Through these events, a community-led project has sent over 386.10 million SHIB to dead wallets through three separate transactions carried via SHIB Burn Portal.

Travis Johnson’s SHIB Burn Games works towards burning SHIB, through various means. The project is known for the success of its first-ever released SHIB Burning game: Bricks Buster, a game available to play on Google Play Store. Candy Trips, Zombie Assassins, and Shibsphere are among some other apps and games developed by the individual with an aim to burn SHIB.

The firm also has added the products like Shiba Treats, and Shiba Suds to its official store website. The profit earned from each sale of the project also goes towards burning SHIB.

The developer of the popular game, Brick Busters also organized the Monthly Burn Event on the 15th of every month. But following the first distribution of ShibaBurn rewards, the individual SHIB burning project decided to burn SHIB on Sunday of every week, instead of every month. This major change was made public by the individual project to its followers via tweet.

Past 24 Hour Burn:

Besides monthly burns, a total number of 52,676,849 (52.67M) SHIB have been burned by Shiba Inu Community through 10 separate transactions in the last 24 hours, with the help of the SHIB Burn Portal, Shibburn.com reports

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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.

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