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HomeCrypto NewsMarket11.3M Shiba Inu Burned in 24 Hours, 22M in Week

11.3M Shiba Inu Burned in 24 Hours, 22M in Week

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Shiba Inu (SHIB) Burn Rate Soars as SHIB Super Store Sends 11.32M SHIB to Dead Wallet in One Go.

According to Shib Burn, 11.3M SHIB were burnt in 24 hours.

Interestingly all of the burns came from SHIB Super Store, the project sends 11,321,176 (11.32M) SHIB to the dead wallet in a single transaction in the past 24 hours. In addition, the project has also rewarded the Community with 11 million SHIB via its Weekly Burn and Earn program.

This move caused the overall SHIB burn rate to surge by 1439.92% compared to the previous day when only 1,562,938 (1.56M) SHIB was destroyed through two distinct transactions.

Shiba Inu Burn Rate Surges by 1439 Percent in the Past 24 Hours
Shiba Inu Burn Rate Surges by 1439 Percent in the Past 24 Hours

Weekly Burns

In weekly burns, Shiba Inu Community burned 22,184,222 (22.18M) SHIB through fourteen separate transactions in the past week.

As reported earlier by The Crypto Basic, Shiba Inu Community destroyed a record-breaking 3,269,676,832 (3.26B) SHIB in April.

On the other hand, Shiba Inu (SHIB) has achieved a significant milestone by garnering over 1.85 million watchlists on CoinMarketCap. Shib has also claimed the fourth spot on CoinMarketCap’s trending assets list.

Also, a recent partnership between Binance and ivendPay has paved the way for SHIB to be accepted as a mode of payment at over 400 global merchants.

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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.

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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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