Over 100 Million Shiba Inu Burnt In Two Transactions, 216 Million in 24 Hours: Report

• Shiba Inu Burn Rate Surges 162.98% over the last day as Shiba Inu Community has taken out another 216.30 Million SHIB in the past 24 hours.
• Over 100 Million Shiba Inu tokens have been incinerated in two (2) significant transactions.
• 1CENT and ETH SHIBA Tokens are among the top contributors of the day.

According to the recent reports, Shiba Inu Community has taken out another 216.30 Million SHIB in the past 24 hours.

Shiba Inu community sent a total of 216,301,162 (216.3M) SHIB to unspendable wallets through fifteen separate transactions in the last 24 hours.

In the past 24 hours, there have been a total of 216,301,162 $SHIB tokens burned and 15 transactions. Visit https://t.co/t0eRMnyZel to view the overall total of #SHIB tokens burned, circulating supply, and more. #shibarmy

— Shibburn (@shibburn) June 21, 2022

The burn rate surged 162.98% over the last day when only 83,335,225 (83.33M) SHIB were sent to “inferno” addresses through 9 separate transactions.

Top SHIB Burners of the Day:

1Cent and ETH SHIBA, the two community-driven tokens which are dedicated to burning Shiba Inu, have organized their Weekly Burn Events on Monday. These tokens have burned a total of 100 Million Shiba Inu tokens in two (2) significant transactions, making them the top SHIB Burners of the day.

1Cent Weekly Burn Event:  1Cent token organized its Weekly Burn Event on Monday, June 20th (Monday). Through this event, the team behind the token removed a total of 52,170,994 (52.17M) SHIB in one significant transaction.

Another week, another burn ?

52,170,994 $SHIB token burnedhttps://t.co/DHvNDHYkfW@shibainuart @1CentEcosystem @shibburn @ShibaInuSwap #shibarmy #1centecosystem #burnshiba pic.twitter.com/mkStfzqAIg

— 1Cent (@1Cent_token) June 20, 2022

Their website states that the 1Cent has incinerated a whopping total of 2,546,766,448 (2.54B) SHIB through 16 separate transactions since March 14th, 2022.

ETH SHIBA Weekly Burn Event: Along with 1Cent, ETH SHIBA also has organized its Weekly Burn Event on Monday, June 20th (Monday). Through this event, the SHIB Burn project sent 50 Million SHIB to the “inferno” address in one significant transaction using the official SHIB Burn Portal powered by Ryoshi Vision.

BURNT ??? 50 Million $SHIB!https://t.co/fVrVHHwzvq#ETHSHIB #ETHSHIBFAM pic.twitter.com/bqNDaT2BCU

— ETH SHIBA (@eth_shiba) June 21, 2022

The SHIB burn tracking website, Shibaburn.com, also has verified the transaction. ETH SHIBA came into existence in March (3 months ago). Since then, the ETH SHIBA claims to burn an astounding total of 2.45 Billion Shiba Inu tokens.

Impact on SHIB Price:

Shiba Inu’s price rebounded after hitting recent lows at $0.00000714 registered on 18^th June (Thursday).  At the time of writing, Shiba Inu is trading at the price of $0.000008301, up 3.50% over the last day, with a 24-hour trading volume of $245,016,048 ($245.01M).

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