Shiba Inu Monthly Burn Rate Falls As Only 1.65 Billion Shib Burned in June

Over 1.65 billion Shiba Inu (SHIB) burned in the month of June, and 326.73 million in the past week.

Shiba Inu witnessed a substantial decrease in its burn rate in the month of June as the Community destroyed over 1.65 billion SHIB.

Shiba Inu Community has permanently removed 1,653,845,435 (1.65 billion) SHIB from circulation through one hundred and sixty-four (164) individual transactions in the past thirty days.

??? 1,653,845,435 $SHIB tokens have been burned in the month of June with 164 transactions. #shib

— Shibburn (@shibburn) July 1, 2023

This showcases a substantial decrease of 829% in burn rate compared to the previous month, where a record-breaking 15,369,335,177 (15.36 billion) SHIB were permanently moved out of circulation via 191 separate transactions.

Koyo Token (KOY), MARSWAP (MSWAP), and the wallet associated with Binance emerged as the top SHIB Burners of the month.

Koyo Token (KOY)

Koyo Token has burned a staggering 404,820,061 (404.82 million) SHIB through two separate transactions in the past month.

On June 2^nd, Koyo reignited its burning frenzy by setting fire to 151,946,848 (151.94M) SHIB in one robust transaction. The project burned an additional 252,873,213 (252.87 million) SHIB in a single transaction on June 21^st.

MARSWAP (MSWAP)

MARSWAP, a newly emerged token, coming in as the second top SHIB burner, has also made its presence felt by sending 362,240,506 (362 million) SHIB through fifty-four separate transactions.

The burn activity of MARSWAP peaked on Sunday, June 25^th, when the project performed forty major burn transactions to wipe out 302,622,563 (302.62 million) SHIB from circulation.

Binance-linked Wallet

A binance-associated wallet, tagged Binance 14, also contributed significantly to the burn. The wallet incinerated 207,715,716 (207.71 million) SHIB in a single transaction on June 10^th.

Weekly Burns

The latest data from Shibburn.com reveals that the Shiba Inu Community has collectively managed to get rid of 326,732,089 (326.73 million) SHIB through fifty individual transactions in the past week alone.

In the last 7 days, there have been a total of 326,732,089 $SHIB tokens burned and 50 transactions. #shib

— Shibburn (@shibburn) July 2, 2023