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

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


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

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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.

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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 2nd, 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 21st.

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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 25th, 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 10th.

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.

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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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