Over 111.17 Million Shiba Inu (SHIB) burned in the past 24 hours.
Shiba Inu Community has collectively permanently removed 111,173,988 (111.17M) SHIB from circulation through ten separate transactions in the past 24 hours.
In the last 7 days, there have been a total of 1,178,830,489 $SHIB tokens burned and 26 transactions. #shib
— Shibburn (@shibburn) April 9, 2023
This burn was led by three major contributors: a mysterious wallet, a Uniswap-linked wallet, and the renowned SHIB Super Store.
Breakdown of Transactions
The mysterious wallet transferred a whopping 46,877,110 (46.87M) SHIB to the dead wallet in a single transaction executed about 19 hours ago from press time.
? 46,877,110 $SHIB -> transferred to dead wallet. https://t.co/GMrAmWbI0d
— Shibburn (@shibburn) April 9, 2023
After that, another wallet associated with Uniswap removed a staggering 43,564,865 (43.56M) SHIB from circulation forever in a single transaction.
? 43,564,865 $SHIB -> transferred to dead wallet. https://t.co/KN5mBORvCZ
— Shibburn (@shibburn) April 9, 2023
Amidst all this, the renowned SHIB Burn Project, named “SHIB Super Store,” has also made a significant move. The Burn Project has destroyed a massive 10,297,482 (10.29M) SHIB through one significant transaction using SHIB Burn Portal. As part of its Weekly Burn and Earn Event, SHIB Super Store has also distributed 10 million SHIB among the Community as a reward, highlighting its commitment to the ecosystem.
Burn/Reward
10.2M Burned
10M RewardedTotal of about $225!
Up 10% from last week!
Great job everybody! Let's keep growing the burns every week!
Don't forget our partnership with MEXC and Amazon for additional ways to burn.https://t.co/d0goxr6sys pic.twitter.com/LsgiZvZyEB
— SHIB Super Store (@shib_superstore) April 10, 2023
This burn is a part of a larger trend, as reported by The Crypto Basic, with the community destroying a record-breaking 1,178,830,489 (1.17B) SHIB tokens through twenty-six separate transactions in the past week. The newly emerged token, Koyo (KOY), has set a new record by burning 1,104,224,812 (1.10B) SHIB in a single transaction.
Despite the massive burn, the Shiba Inu token has only risen by 0.76% over the past day, trading at $0.00001094 with a 24-hour trading volume of $121,966,832 ($121.96M).
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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