Burn Rate Up 4500% As 65 Million Shiba Inu Burned In A Day

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Shiba Inu Community burned 64.88 Million SHIB in the past 24 hours.

Shiba Inu Community has executed 13 burn transactions to permanently remove a massive 64,881,158 (64.88M) SHIB from circulation in the past 24 hours.

In the past 24 hours, there have been a total of 64,881,158 $SHIB tokens burned and 13 transactions. Visit https://t.co/t0eRMnyZel to view the overall total of #SHIB tokens burned, circulating supply, and more. #shibarmy
— Shibburn (@shibburn) November 29, 2022

The Travis Johnson-led SHIB Burn initiative named “SHIB Super Store,” recently announced that it had recorded the biggest Weekly SHIB Burn since September transferring a whopping 28,539,501 (28.53M) SHIB to the dead wallet in one robust transaction using SHIB Burn Portal.

Burn!
28.5M Burned
28.4M Rewarded
Total of $515, which is our biggest weekly total in nearly 2 months!
Join the Discord to receive weekly rewards!
All links are listed at https://t.co/d0goxr70o0
I have some time coming up to update the website and work on some SHIB things! pic.twitter.com/S7ScakCbAq
— SHIB Super Store (@shib_superstore) November 28, 2022

Shib Burn Rate SkyRockets

The individual SHIB Burn Project also has distributed over 28.40 Million SHIB among the Community as a reward via its newly introduced “Burn and Earn” program.

Following the major SHIB Burn Event, Shiba Inu’s Burn rate bumped up 4497.73% over the last day.

Shiba Inu Burn Rate Skyrockets 4497.73 Percent in the Past 24 Hours

As Shiba Inu’s circulating supply is getting rare day after day, the mainstream adoption of SHIB is also on the rise. As reported earlier by TheCryptoBasic, U.S.-based financial services company Fidelity Investments hints at the potential listing of SHIB. The platform has recently launched commission-free cryptocurrency trading services for retail traders and currently supports only two major cryptocurrencies, i.e., Bitcoin (BTC) and Ethereum (ETH).

Shiba Inu rebounds and is trading in the green today. As of writing, Shiba Inu is trading at the price of $0.000009239, up 1.82% over the last day with a 24-hours trading volume of $137,049,468 ($137.04M).

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Source: https://thecryptobasic.com/2022/11/29/burn-rate-up-4500-as-65-million-shiba-inu-burned-in-a-day/?utm_source=rss&utm_medium=rss&utm_campaign=burn-rate-up-4500-as-65-million-shiba-inu-burned-in-a-day