Over 1.74 Billion Shiba Inu Burned in a Week

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.

In the last 7 days, there have been a total of 1,748,403,277 $SHIB tokens burned and 20 transactions. #shib

— Shibburn (@shibburn) May 14, 2023

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 8^th.

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.

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).