Over 20.99 Million Shiba Inu (SHIB) has been burned in the past 24 Hours.
Shiba Inu Community continues to burn millions of canine-themed tokens every day. But the extraordinary thing is that in the past twenty-four hours, only one transaction has contributed to Shib’s burn.
In the past 24 hours, there have been a total of 20,999,999 $SHIB tokens burned and 1 transaction. Visit https://t.co/t0eRMnhnPL to view the overall total of #SHIB tokens burned, circulating supply, and more. #shibarmy
— Shibburn (@shibburn) November 15, 2022
That single transaction solely burnt 20.9M SHIB.
— Shibburn (@shibburn) November 14, 2022
Upon investigation, it has been confirmed that the burn transaction came from one of the most active SHIB Burn Projects named “1Cent”. The community-led burn initiative not only burned Shiba Inu but also has put a match to 121 Bone ShibaSwap (BONE), in a separate transaction.
Seguimos cumpliendo cada semana..
— 1Cent (@1Cent_token) November 14, 2022
Since March 14th, 2022, the 1Cent Token has consistently organized its Weekly Burn Event to burn a considerable amount of canine-themed cryptocurrency. Per the project’s official website, the 1Cent till now has incinerated a whopping 3,426,513,566 (3.42B) SHIB, worth $31,256 through multiple transactions.
At press time, Shiba Inu is trading at the price of $0.000009123, up 4.19% over the last day, with a 24-hour trading volume of $236,525,728 ($236.52M).