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HomeCrypto NewsMarketShiba Inu Reclaims 1 Billion Weekly Burn Since July 18th

Shiba Inu Reclaims 1 Billion Weekly Burn Since July 18th

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1.21 Billion Shiba Inu Burnt in 7 Days, 57.30 Million in Past 24 Hours.

Shiba Inu enthusiasts further reduce the circulating supply of the most popular canine-themed cryptocurrency by burning 57.30 Million Shiba Inu (SHIB) tokens in the Past 24 Hours, 1.21 Billion in a Week.

The SHIB Burn tracking platform recently released a Weekly Burn Figure for Shiba Inu. Shib Community destroyed a whopping 1,214,431,010 (1.21B) SHIB, worth $14,427 in 121 transactions during the last 7 days.

As reported by The Crypto Basic, the last time weekly burn crossed 1B was on 18th July, when Shibarmy burned above one billion coins.

Top SHIB Burner of the Week:

ShibaBae Token:

The newly emerged ShibaBae Token burned the most Shiba Inu in the past week, whereas Travis Johnson’s SHIB Super Store and 1Cent token are among the other prominent SHIB Burners project of the week.

On Saturday, August 27th, ShibaBae, the newly launched BEP20 token focused on building burn mechanisms for SHIB, became the top SHIB Burner of the week as the Community-led Burn Initiative sent a total of 160,549,026 (160.54M) SHIB to the “inferno” addresses in one significant transaction.

1Cent Token Weekly Burn Event:

1Cent, a token dedicated to burning Shiba Inu, organized its Weekly Burn Event on Monday, August 22nd. Through this event, the Community-led Burn Initiative incinerated 40,000,000 (40M) SHIB in one noticeable transaction.

Travis Johnson’s SHIB Super Store Burn Event:

On Sunday, August 28th, Travis Johnson’s SHIB Super Store organized its Weekly Burn Event. It permanently removed 46,064,765 (46.06M) SHIB from circulation in one significant transaction while using SHIB Burn Portal.

Past 24-Hour Burn:

Besides weekly burns, the Shiba Inu Community has incinerated a total of 57,304,085 (57.30M) SHIB tokens through 17 separate transactions in the past 24 hours with the help of the SHIB Burn Portal, reports.

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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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