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HomeCrypto NewsMarketOnly One Transaction In 24 Hours Burns 21M Shiba Inu

Only One Transaction In 24 Hours Burns 21M Shiba Inu

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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.


That single transaction solely burnt 20.9M SHIB.

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.

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).

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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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