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HomeCrypto NewsMarket184 Million Shiba Inu Burnt In One Transaction, 239 Million in 24 hours

184 Million Shiba Inu Burnt In One Transaction, 239 Million in 24 hours


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Shiba Inu Community Destroys 239.53 Million SHIB as 1Cent Token Contributed the most in the Burns in the Past 24 Hours.

Over 239.53 Million Shiba Inu (SHIB) and 801 Bone ShibaSwap (BONE) have been moved out of circulation forever by the Community in the past 24 hours. 1Cent token is recognized as the “Top Burner of the Day.”

The global crypto market is undergoing a difficult time as the crypto market plunges below the $1 trillion mark for the first time since January 2021. Shiba Inu supporters find this difficult time as an opportunity to throw away billion of Shiba Inu tokens from circulation forever at lower costs.

SHIB Community continues to burn millions of Shiba Inu (SHIB) per day, making the total supply scarcer over time.

According to the recent tweet from the SHIB Burn tracking platform, Shibaburn.com, Shiba Inu Community unites to incinerate a total of 239,535,584 (239.53M) SHIB through eleven separate transactions.

1Cent Token Recognized as “Top Burner of The Day”:

1Cent, the only token dedicated to burning the two of the tokens of the Shiba Inu ecosystem, i.e., SHIB and BONE, made the most significant burns in the past 24 hours, as the major SHIB Burner project sent 184.49 million SHIB and 801 BONE to a dead wallet in two separate transactions.

1Cent token organized its Weekly Burn Event on Tuesday, June 14th (Tuesday). Through this event, the team behind the token moved out a total of 184,495,831 (184.49M) SHIB, worth only $1,480, from circulation forever in one significant transaction.

At the same time, the project carried out another noteworthy transaction through which a negligible total of 801 Bone ShibaSwap (BONE), the governance token of the Shiba Inu ecosystem, were burned.

Soon after organizing the Weekly BURN EVENT, the team updated the total number of Burn SHIB tokens and BONE on its official website. The website states that the 1 cent has sent a whopping total of 2,494,595,454 (2.49B) SHIB through 15 separate transactions to dead wallets since March 14th, 2022.

1Cent is the only project that burns not only SHIB but also BONE. The team burnt Bone ShibaSwap for the first time on April 25th, 2022. Since then, the project has permanently removed 43,560 BONE from circulation through 8 separate transactions.

Readers should note that the 1Cent token is an individual project with no official association with the Shiba Inu ecosystem.

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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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