Weekly Shiba Inu burns are declining.
Over 395.80 Million Shiba Inu (SHIB) has been destroyed in the past week, 50.80 Million in the past 24 hours, including 43.23 Million in one significant transaction.
Shibburn.com, the most trusted SHIB burn tracking website, recently released a report stating that the Shiba Inu Community has incinerated a whopping total of 395,803,998 (395.80M) SHIB in 48 transactions in the past seven days.
— Shibburn (@shibburn) October 16, 2022
The latest figure shows an increase of 264.42% over the past week. Last week Shiba Inu Community burned only 108,611,459 (108.61M) SHIB in 34 separate transactions and recorded the lowest-ever Weekly SHIB burn since the launch of the SHIB Burn Portal.
Past 24 Hours Burn:
Apart from this, Shibburn.com also reported a massive 559.46% increase in Shiba Inu Burn volume over the last day. This comes after the SHIB Army collectively burned 50,802,530 (50.80M) SHIB tokens through 6 separate transactions in the past 24 hours.
In the past 24 hours, there have been a total of 50,802,530 $SHIB tokens burned and 6 transactions. Visit https://t.co/t0eRMnhnPL to view the overall total of #SHIB tokens burned, circulating supply, and more. #shibarmy
— Shibburn (@shibburn) October 17, 2022
SHIB Super Store Burned 43.23 Million SHIB in a Single Transaction:
One of the Community-led burn initiatives tagged “SHIB Super Store” removed a staggering 43,233,190 (43.23M) SHIB in one large transaction executed about 13 hours ago.
Up from last week by about $70! Great job everybody. I know I repeat this a lot, but these weekly burns could easily be 100x if everyone banded together. https://t.co/d0goxr70o0 pic.twitter.com/dPu1ZE7bzD
— SHIB Super Store (@shib_superstore) October 16, 2022
At press time, Shiba Inu is trading at the price of $0.0000103, showing no change over the last day with a 24-hour trading volume of $111,957,622 ($111.95M).