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HomeCrypto NewsMarket150 Million Shiba inu Burnt In One Hour As Shib Burn Portal Total Reaches 60 Billion Since Launch

150 Million Shiba inu Burnt In One Hour As Shib Burn Portal Total Reaches 60 Billion Since Launch

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Shiba Inu’s official SHIB Burn Portal achieves a major milestone of burning 60 billion SHIB tokens in three months.


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Shiba Inu Community is cheering as they have burned a total of 60,059,414,306 (60.05B) Shiba Inu, worth $748,340 (as of current price) through thousand of separate transactions in the past three months.

60B shiba inu Burnt
60B shiba inu Burnt

According to recent reports, the Shiba Inu Community is continuously sending millions of Shiba Inu tokens to “inferno” addresses every hour. Shibburn.com recently reported via tweet that a total of 155,353,699 (155.35M) SHIB tokens were incinerated through three separate transactions using the official SHIB Burn Portal in the past one hour.

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Launched in April, SHIB Burn Portal was developed in collaboration with Ryoshi Vision with the aim to encourage SHIB Burns while paying rewards to Shiba Holders.

At the time of writing, the price of Shiba Inu is trading at the price of $0.00001248, up more than 4.73% over the last day, with a 24-hour trading volume of $547,746,477 ($547.74M).

Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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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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