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HomeCrypto NewsMarketOver 305M Shiba Inu Burned in a Week, 19M in the Past 24 Hours

Over 305M Shiba Inu Burned in a Week, 19M in the Past 24 Hours


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Over 305.77 Million Shiba Inu (SHIB) burned in the Past Week, 19.17 Million in the Past 24 Hours

Shiba Inu has witnessed a significant drop in its burn rate over the past week. According to a recent report released by Shibburn.com, the Shiba Inu community has collectively managed to destroy a total of 305,775,533 (305.77M) SHIB through multiple transactions in the past week.

This is a massive 90.11% decrease compared to the previous week, where a staggering 1,915,379,282 (1.91B) SHIB were removed from circulation forever through fifty separate transactions.

The mysterious wallet is recognized as the top SHIB burner of the week. The anonymous wallet sent a whopping 15,575,349 (15.57M) SHIB to the dead wallet through two distinct transactions on April 21.

Past 24 Hours Burn:

Apart from Weekly Burns, Shiba Inu Community has set fire to a staggering 19,175,360 (19.17M) SHIB through four separate transactions in the past 24 hours. This marks a staggering 103.99% increase in the overall burn rate compared to the previous day, where a meager 9,400,010 (9.40M) SHIB tokens were incinerated in three distinct transactions.

Shiba Inu Claims #1 Spot on CoinSwitch’s Most Traded Crypto List:

On the other hand, Shiba Inu emerges as the top traded cryptocurrency on CoinSwitch, India’s largest crypto app.

CoinSwitch recently shared a list of the top 5 most traded coins of the week, with Shiba Inu claiming the top spot. The impressive feat was achieved by surpassing established giants like Bitcoin (BTC) and Ethereum (ETH) and even beating out its fellow meme-inspired competitor Dogecoin (DOGE).

Certik Applauds Shiba Inu’s Evolution:

Moreover, Certik, a well-known blockchain security company has acknowledged the remarkable evolution of Shiba Inu from a meme token to a thriving decentralized ecosystem, in its latest edition of Project Scoop. The platform also has given Shiba Inu an exceptional security score of 94.30, making it one of the most secure blockchain projects in the market.

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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.



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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