Shiba Inu Community burned over 1.36 billion SHIB tokens in November 2023.
Shibburn.com has recently published a monthly burn report for Shiba Inu. According to the report, the Community-led burn initiatives have permanently removed 1,368,684,064 (1.36 billion) SHIB tokens from circulation in the past thirty days. The feat is achieved through two hundred and seventy-three (273) separate transactions.
??? 1,368,684,064 $SHIB tokens have been burned in the month of November with 273 transactions. #SHIB pic.twitter.com/5TuVwXnuN0
— Shibburn (@shibburn) December 1, 2023
This marks a 6.33% decrease in burn rate compared to the past month. In October 2023, the Community set fire to 1,461,135,923 (1.46 billion) SHIB tokens via 753 individual transactions.
Top SHIB Burner of the Month
SHIB Dream NFT emerged as the top SHIB burner of the month. The community-driven initiative has torched 400,000,000 (400 million) SHIB tokens via four separate transactions in the past 30 days.
SHIB Dream NFT, a project powered by ShibCoOP, was launched in October. Since its inception, it has removed 750,000,000 (750 million) SHIB tokens from circulation via seven distinct transactions.
Biggest SHIB Burn Transaction of the Month
The Coinbase-associated wallet, tagged Coinbase 10, executed the monumental SHIB burn transaction of the month, sending 261,408,966 (261.40 million) SHIB tokens to the dead wallet on November 27.
Past 24 Hours Burn
The Shiba Inu Community reduced the gigantic supply of SHIB further by 112,812,926 (112.81 million) SHIB tokens through three separate transactions in the past 24 hours.
In the past 24 hours, there have been a total of 112,812,926 $SHIB tokens burned and 3 transactions. Visit https://t.co/t0eRMnyZel to view the overall total of #SHIB tokens burned, circulating supply, and more. pic.twitter.com/rLngFHZMUA
— Shibburn (@shibburn) December 1, 2023
As reported earlier by The Crypto Basic, Shibarium, the L2 blockchain of the Shiba Inu ecosystem, has reached a new milestone in transaction counts. The network experienced a surge in user engagement yesterday, catapulting its transaction count beyond the 6 million threshold.
The latest data from Shibariumscan.io reveals that Shibarium has added 748,230 transactions in the past 24 hours. The total transaction count now stands at 6,673,857 (6.67 million).
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.
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