Shiba Inu Burn Rate Up 1493% For Last 24 Hours, While Only 147M Shib Burnt Past Week

Over 147.59 Million Shiba Inu (SHIB) burned within the past week, 45.16 Million in the past 24 Hours, and 37.84 Million in one significant transaction.

SHIB burn rate dropped considerably over the last week. Shiba Inu Community collectively burned 147.59 million SHIB in the past seven days and 45.16 million SHIB in the past 24 hours.

Shibburn.com, the most trusted SHIB Burn tracking platform, recently reported that Shiba Inu Community destroyed a total of 147,590,806 (147.59M) SHIB through 48 separate transactions in seven days.

In the last 7 days, there have been a total of 147,590,806 $SHIB tokens burned and 48 transactions. #shibarmy

— Shibburn (@shibburn) October 23, 2022

This figure is -62.71% down compared to the Burn Volume of the past week when 395,803,998 (395.80M) SHIB had been incinerated in 48 transactions.

Past 24 Hours:

Shibburn.com also shared the past 24-hour burn figure with the Community via a recent tweet. In a tweet, Shibburn.com stated that a total of 45,165,582 (45.16M) SHIB has been taken out of circulation forever by the Shiba Inu enthusiasts through six separate transactions in the past 24 hours.

In the past 24 hours, there have been a total of 45,165,582 $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 24, 2022

The individual SHIB Burn Project, dubbed “SHIB Super Store,” burned a considerable amount of Shiba Inu in one significant transaction causing the SHIB Burn rate to spike 1493.75% over the last day.

SHIB Super Store organized its 24th weekly burn event on Sunday, October 24th, 2022. They sent a whopping 37,843,644 (37.84M) SHIB to the “inferno” addresses in one robust transaction using SHIB Burn Portal.