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HomeCrypto NewsMarketOver 1.74 Billion Shiba Inu Burned in a Week

Over 1.74 Billion Shiba Inu Burned in a Week


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Shiba Inu Community burns 1.74 billion SHIB in a week. However, the burn rate decreased by -69% compared to the previous week.

In a recent report, Shibburn.com has revealed that the Shiba Inu Community has set fire to a staggering 1,748,403,277 (1.74 billion) SHIB through 20 individual transactions in the past seven days.

The recent figure showcases a notable -69.48% decrease in Shiba Inu’s burn rate compared to the previous week, where a total of 3,981,194,931 (3.98B) SHIB were destroyed through nineteen separate transactions.

Top SHIB Burners of the Week

Blaze Token, The Mysterious Wallet, and SHIB Super Store were recognized as the “Top SHIB Burners of the Week.”

Blaze Token

Blaze Token was responsible for the most significant burn. The newly launched token has permanently removed a humungous 1,695,524,269 (1.69B) from circulation in a single transaction executed on May 8th.

SHIB Super Store

On the same date, SHIB Super Store, the well-renowned Shiba Inu Community-led burn initiative, has put a match to 10,455,764 (10.45M) SHIB in a separate transaction.

Mysterious Wallet

The mysterious wallet also joined the bandwagon to reduce the supply of SHIB by sending 11,429,686 (11.42M) SHIB to the inferno address in a single transaction executed about 23 hours ago from the press time.

The Unknown Wallet Burned 1142 Million SHIB
The Unknown Wallet Burned 1142 Million SHIB

Despite this significant burn, the unknown wallet still holds a gigantic 335,797,689,093 (335.79B) SHIB, worth $2,961,735 ($2.96M.)

Despite the burning activity witnessed over the past week, Shiba Inu’s price struggles to recover, experiencing a -6.6% decline over the last seven days. As of press time, Shiba Inu is trading at $0.00000884, up 0.30% over the past day, with a 24-hour trading volume of $91,070,477 ($91.07M).

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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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