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229 Million Shiba Inu Burnt Within 24 Hours Along With First-Ever Shib Burn via Amazon Commissions

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229.16 million Shiba Inu (SHIB) Burnt Within Past 24 Hours.



Over 229.16 million Shiba Inu (SHIB) have been pushed out of circulation by the community of Shiba Inu token lovers. Game Developer Travis Johnson led the Burn Show from the front in the past 24 hours. $176 Worth of SHIB Burned via Amazon.

According to a recent tweet posted by shibburn.com, over the past 24 hours, the Shiba Inu community has sent 229.16 million SHIB to unspendable wallets.

The tweet by shibburn.com says that 229,165,044 Shiba Inu have been removed from the circulating supply and locked in dead wallets, thus making the second-largest meme cryptocurrency a little more scarce.

These results were achieved after 11 transactions. Travis Johnson made the most significant burns, as the individual burn project sent 56,024,490 (56.02M), worth $592 canine tokens to a dead wallet in one large transaction.

This burn from Travis Johnson was scheduled for last Sunday. But, due to some unexpected technical issues, the project has to postpone its Burn Event till Tuesday. He addresses the postponement, saying he “was having trouble with Robinhood, Coinbase” and MetaMask wallet.

While taking the transparency of the Burn Project seriously, Johnson further informed the community that his Burn Project named “SHIB Super Store” was able to burn only $592 worth of Shiba Inu instead of $647. However, his SHIB superstore affirms that they will add the remaining $68 to the upcoming Burn Event.

$176 Worth of SHIB Burned via Amazon:

Another tweet from “SHIB Super Store” reveals that the project has earned 176$ worth of commissions through Amazon Affiliate Program. Travis Johnson confirms that his individual burning project has utilized some of these commissions to buy and burn Shiba Inu through this event. This marks the first-ever Shiba Inu Burn via Amazon.

As per recent data provided by Shibburn.com, 410,367,942,570,340 (410.36T) Shiba Inu tokens have been taken out of circulation forever from the initial supply of 1 Quadrillion tokens.

The total supply of the dog-themed cryptocurrency is reduced to 589,632,057,429,659 (589.63T). Out of this total supply, 556.32T Shiba Inu tokens are currently in circulation, and 33.30T of the supply have been staked by the holders of Shiba Inu on ShibaSwap.

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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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