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HomeCrypto NewsMarketOver 2.07 Billion Shiba Inu (SHIB) Burned in a Week

Over 2.07 Billion Shiba Inu (SHIB) Burned in a Week


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Over 2.07 Billion Shiba Inu (SHIB) burned in a week, and 15.24 Million in the past 24 hours.

The Shiba Inu Community has made a massive move by setting fire to a staggering 2,072,114,690 (2.07B) SHIB in the past week through 290 separate transactions.

The record-breaking burn transaction of the week occurred on March 17th, when KoyoToken sent 924,150,949 (924.15M) SHIB to the dead wallet in one significant transaction.

KoyoToken has contributed overwhelmingly to Shiba Inu burns since March 10th and has destroyed a herculean 4,631,179,336 (4.63B) SHIB through multiple transactions, as per data provided by Etherscan.io.

Past 24 Hours

In the past 24 hours, Shiba Inu Community-led burn projects collectively have removed a total of 15,248,223 (15.24M) SHIB from circulation forever through 33 separate transactions.

SHIB Super Store contributed significantly towards Shiba Inu burn over the last day while sending a whopping 10,158,730 (10.15M) SHIB to the inferno address in one significant transaction using the official SHIB Burn Portal. In addition, the project has rewarded the Community with 10.05 million SHIB through its Weekly Burn and Earn program.

Despite the massive burn, the overall Shiba Inu burn rate declined by -61.26% over the past day, when 40,595,413 (40.59M) SHIB tokens were removed from circulation forever.

Shiba Inu Burn Rate Plunged 61 Percent Over the Past 24 Hours
Shiba Inu Burn Rate Plunged 61 Percent Over the Past 24 Hours

As of writing, Shiba Inu is trading at the price of $0.0000107, down -2.09% over the last day with a 24-hour trading volume of $269,919,095 ($269.91M).

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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.

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