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.
In the past 24 hours, there have been a total of 276,280,888 $SHIB tokens burned and 22 transactions. Visit https://t.co/t0eRMnzx3T to view the overall total of #SHIB tokens burned, circulating supply, and more. #shibarmy
— Shibburn (@shibburn) August 27, 2022
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.
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.
Hey #SHIBARMY ?
You know Every #SHIBABAE Buy & Sell Burns $SHIB?
17 Days ago we burned 139M $SHIB.
17 DAYS LATER WE BURNED ANOTHER 160M $SHIB ?
If we come together, we can support $SHIB as one, and do great things together❤️?
Etherscan ? https://t.co/Zqc4smAond pic.twitter.com/dJ9IzYa4fo
— Shiba Burn & Earn – SHIBABAE (@SHIBABAEtoken) August 27, 2022
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.
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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