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

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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., 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.

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: also shared the past 24-hour burn figure with the Community via a recent tweet. In a tweet, 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.

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 Burn Rate Spikes 1493.75 over the last day
SHIB Burn Rate spikes 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.

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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.

Disclaimer: The content is for informational purposes only, may include the author's personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.

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