Shib Community Burns Half a Billion Shiba Inu in a Week

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Over 37.40 Million Shiba Inu (SHIB) burned in the past 24 hours, and 516.46 Million in the past 7 days.

Shiba Inu Community executed a total of twelve separate burn transactions and has taken out a whopping 37,400,646 (37.40M) SHIB from circulation forever in the past 24 hours.

In the past 24 hours, there have been a total of 37,400,646 $SHIB tokens burned and 12 transactions. Visit https://t.co/t0eRMnyZel to view the overall total of #SHIB tokens burned, circulating supply, and more. #shibarmy
— Shibburn (@shibburn) January 9, 2023

The most active Community-led burn project named ‘SHIB Super Store’ and the mysterious wallet added fuel to the fire by burning a total of 31,751,844 (31.75M) SHIB in two separate transactions, causing the overall SHIB Burn Rate to surge by 1395.89% over the last day.

SHIB Burn Rate Skyrockets By 1395 Percent in the past 24 hours

SHIB Super Store

SHIB Super Store reported a burn of 16.75M SHIB in one significant transaction using the official SHIB Burn Portal.

Burn and Reward!
16.7M Burn
17M Reward
Totaling about $305!
All ways to burn through me are located on https://t.co/d0goxr6sys
Earn rewards by joining the Discord (link on page) and earning the Superstore badge
The more participation, the bigger the burns and rewards pic.twitter.com/NJCJwe3vKm
— SHIB Super Store (@shib_superstore) January 9, 2023

The Mysterious Wallet

On the other hand, one of the mysterious wallets has incinerated a gigantic 14,999,999 (14.99M) SHIB in one robust transaction. As per Etherscan.io, the said massive burn transaction was executed about 2 hours ago from press time.

Mysterious Wallet Burned 14.99 Million SHIB

Weekly SHIB Burn:

Shibburn.com recently shared the weekly SHIB burn figure of the week. The first-ever dedicated SHIB burn tracker states that Shib Army has put a match to a gargantuan 516,462,035 (516.46M) SHIB through fifty-three separate transactions in the past seven days.

In the last 7 days, there have been a total of 516,462,035 $SHIB tokens burned and 53 transactions. #shibarmy
— Shibburn (@shibburn) January 8, 2023

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Source: https://thecryptobasic.com/2023/01/09/shib-community-burns-half-a-billion-shiba-inu-in-a-week/?utm_source=rss&utm_medium=rss&utm_campaign=shib-community-burns-half-a-billion-shiba-inu-in-a-week