HomeCrypto NewsMarket160.54 Million Shiba Inu Burned in One Transaction, 276.28 Million In 24 Hours: Burn Details

160.54 Million Shiba Inu Burned in One Transaction, 276.28 Million In 24 Hours: Burn Details


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The Community has burned over 276.28 Million Shiba Inu (SHIB) tokens in the past 24 hours, 160.54 Million burned in one transaction.

The SHIB Burn data tracking platform reports that the Community has sent a total of 276,280,888 (276.28M) SHIB to the “inferno” addresses in 22 separate transactions in the past 24 hours.

The newly emerged token, ShibaBae contributed the major part in burning Shib over the last day as the project has destroyed 160.54 Million SHIB in one transaction.

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On August 27, ShibaBae, the newly launched BEP20 token focused on building burn mechanisms for SHIB, organized its 2nd Burn Event and destroyed a whopping total of 160,549,026 (160.54M) SHIB in one significant transaction.

After the Burn Event, the SHIB Burn Project shared a burn transaction link as Proof of Burn.

During the first Burn Event organized on August 10, the creators of ShibaBae tokens burned 139,854,341 (139.85M) SHIB in one transaction. Since its inception, the ShibaBae incinerated a total of 300,403,367 (300.40M) SHIB in two separate transactions.

Launched in April 2022, the ShibaBae token is a BEP20 token on the Binance Smart Chain that comes up with a mission to reduce the gigantic circulating supply of SHIB. On each and every Buy and Sell transaction, the token applies 8% to 20% tax, of this tax, the token contributes 1% – 2% to burn SHIB.

Readers should note that ShibaBae is not the official token of the Shiba Inu Ecosystem and has no official relation with Shiba Inu.

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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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