Over 25.6 Million Shiba Inu (SHIB) burned in the past 24 hours, 9.50 Million by a single wallet.
The Shiba Inu Community has made a significant move in reducing the total supply of SHIB tokens. In the past 24 hours, the Community collectively destroyed 25,604,920 (25.6M) SHIB through eight separate transactions.
HOURLY SHIB UPDATE$SHIB Price: $0.00001078 (1hr 0.20% ▲ | 24hr -4.98% ▼ )
Market Cap: $6,349,680,802 (-4.91% ▼)TOKENS BURNT
Past 24Hrs: 25,604,920 (-63.32% ▼)
Past 7 Days: 1,073,775,122 (-45.04% ▼)— Shibburn (@shibburn) April 3, 2023
The most significant transaction was carried out by the popular Community-led burn project called “SHIB Super Store.” During its 52nd weekly burn event, the project sent 9,506,057 (9.50M) SHIB to the dead wallet via the official SHIB Burn Portal in a single transaction executed 10 hours ago from press time.
In addition, the SHIB Super Store project has also rewarded the community by distributing 9.40 million Shiba Inu among its members. This move is expected to help boost the community’s morale and encourage more participation in similar events in the future.
Burn/Reward
Just like clockwork, another Sunday burn!
This is my 52nd consecutive burn!
9.5M Burned
9.4M RewardedTotal of about $201
We keep staying in that range of $200 – $210 every single week, let’s see if we can beat that!
All ways to burn here https://t.co/d0goxr6sys pic.twitter.com/Biwfcp3Qps
— SHIB Super Store (@shib_superstore) April 3, 2023
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It is worth noting that the SHIB Super Store project has been consistently burning Shiba Inu since November 2021. The individual project has set fire to 3,486,315,765 (3.48B) SHIB through multiple transactions. Additionally, the project has rewarded the Community with 314,014,945 (314.01M) through its Burn and Earn Program.
This move by the Shiba Inu Community comes after they burned a record-breaking 6,782,788,547 (6.78B) SHIB through 540 separate transactions in March 2023.
Despite the massive burn, the overall Shiba Inu’s burn rate declined -by 20.03% over the past day.
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Source: https://thecryptobasic.com/2023/04/03/shiba-inu-burns-25-6-million-shib-in-24-hours/?utm_source=rss&utm_medium=rss&utm_campaign=shiba-inu-burns-25-6-million-shib-in-24-hours