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HomeCrypto NewsMarket1.36 Billion Shiba Inu Removed From Circulation in Nov 23

1.36 Billion Shiba Inu Removed From Circulation in Nov 23

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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.

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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.

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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.

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).

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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.

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Zabi
Zabi
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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