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HomeCrypto NewsMarket282M Shiba Inu Burnt in a Week As Burn Rate Falls 93%

282M Shiba Inu Burnt in a Week As Burn Rate Falls 93%


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Shiba Inu Weekly Burn rate falls.

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Shiba Inu has witnessed a substantial decline in weekly burn rate as the Community has managed to burn over 282.73 million SHIB in the past week.

In a recent report, Shibburn.com revealed that the Shiba Inu Community removed 282,730,986 (282.73 million) SHIB through twenty-two individual transactions in the past seven days.

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This figure showcases a notable decrease of -93.66% in burn rate compared to the past week, where a record-breaking 4,175,261,803 (4.17 billion) SHIB were permanently moved out of circulation via twenty-seven separate transactions.

Weekly Top SHIB Burners

Binance-linked wallet and MARSWAP emerged as the “Top SHIB Burners of the Week.”

Binance-linked Wallet

One of the wallets associated with Binance contributed the major part towards the burn. The wallet tagged Binance 14 has ignited a staggering 207,715,716 (207.71 million) SHIB in a single transaction executed on June 10th, 2023.


MARSWAP, a token that has recently gained attention, secured the second spot on the list of “Top SHIB Burners” of the week. The emerging token transferred 47,215,278 (47.21 million) SHIB to the dead wallet through nine separate transactions.

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The burn activity of MARSWAP peaked on Sunday, June 11th, when the project performed two major burn transactions. MARSWAP sent 16,308,588 (16.30 million) SHIB tokens to the Inferno address in the first transaction. A few hours later, the project followed up with another significant burn, eliminating 11,378,240 (11.37 million) SHIB tokens.

Despite these impressive burn numbers, the value of Shiba Inu has experienced a depreciation of -22.6% over the past week. According to CoinGecko data, SHIB is currently trading for $0.00000660.

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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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