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HomeCrypto NewsMarketShib Community Burns Half a Billion Shiba Inu in a Week

Shib Community Burns Half a Billion Shiba Inu in a Week

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Over 37.40 Million Shiba Inu (SHIB) burned in the past 24 hours, and 516.46 Million in the past 7 days.

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Shiba Inu Community executed a total of twelve separate burn transactions and has taken out a whopping 37,400,646 (37.40M) SHIB from circulation forever in the past 24 hours.

The most active Community-led burn project named ‘SHIB Super Store’ and the mysterious wallet added fuel to the fire by burning a total of 31,751,844 (31.75M) SHIB in two separate transactions, causing the overall SHIB Burn Rate to surge by 1395.89% over the last day.

SHIB Burn Rate Skyrockets By 1395 Percent in the past 24 hours
SHIB Burn Rate Skyrockets By 1395 Percent in the past 24 hours

SHIB Super Store

SHIB Super Store reported a burn of 16.75M SHIB in one significant transaction using the official SHIB Burn Portal.

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The Mysterious Wallet

On the other hand, one of the mysterious wallets has incinerated a gigantic 14,999,999 (14.99M) SHIB in one robust transaction. As per Etherscan.io, the said massive burn transaction was executed about 2 hours ago from press time.

Mysterious Wallet Burned 1499 Million SHIB
Mysterious Wallet Burned 1499 Million SHIB

Weekly SHIB Burn:

Shibburn.com recently shared the weekly SHIB burn figure of the week. The first-ever dedicated SHIB burn tracker states that Shib Army has put a match to a gargantuan 516,462,035 (516.46M) SHIB through fifty-three separate transactions in the past seven days.

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Zabi
Zabi
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.

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