Shiba Inu Community sends millions of SHIB to the “inferno” addresses weekly.
Over 197.79 Million Shiba Inu (SHIB) burned in the past week. In one transaction, the mysterious wallet destroyed a massive 85,860,036 (85.86M) on the final day of the week.
Shibburn.com reported that Shiba Inu Community has executed 27 burn transactions in the past week and burned a total of 197,799,286 (197.79M) SHIB.
In the last 7 days, there have been a total of 197,799,286 $SHIB tokens burned and 27 transactions. #shibarmy
— Shibburn (@shibburn) November 6, 2022
This figure is slightly higher than last week when only 104,490,257 (104.49M) SHIB were removed from circulation forever through 33 separate transactions using SHIB Burn Portal.
Mysterious Wallet Burns 85.86 Million SHIB:
On the final day of the week, the mysterious wallet incinerated a massive 85,860,036 (85.86M) SHIB in one robust transaction. The transaction is reported by the well-renowned SHIB Burn tracking website, Shibburn.com.
? 85,860,036 $SHIB -> transferred to dead wallet. https://t.co/SzmoJ3igri
— Shibburn (@shibburn) November 6, 2022
This large transaction caused the Shiba Inu burn rate to spike by 897.60% over the last day.
SHIB Super Store, in their Weekly SHIB Burn Event on Monday, October 31st, 2022, permanently removed a total of 32,584,181 (32.58M) SHIB from circulation in one significant transaction using SHIB Burn Portal.
Burn!
32.5M SHIB gone forever
($389)Most through Bricks Buster, with an honorable mention to Amazon
Not the best week we have had, since SE game has released numbers are down about 50%Remember all 19 ways to burn through me are at https://t.co/d0goxr6sys
Make Nov. great! pic.twitter.com/DyJxPqrZLP
— SHIB Super Store (@shib_superstore) October 30, 2022
The Community-led initiative tagged “1Cent token” put a match to 22,432,755 (22.43M) SHIB in one noteworthy transaction. At press time, Shiba Inu is trading at the price of $0.00001203, down -2.09% over the last day, with a 24-hour trading volume of $415,921,120 ($415.92M).
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