Over 2.07 Billion Shiba Inu (SHIB) Burned in a Week

Over 2.07 Billion Shiba Inu (SHIB) burned in a week, and 15.24 Million in the past 24 hours.

The Shiba Inu Community has made a massive move by setting fire to a staggering 2,072,114,690 (2.07B) SHIB in the past week through 290 separate transactions.

In the last 7 days, there have been a total of 2,072,114,690 $SHIB tokens burned and 290 transactions. #shib
— Shibburn (@shibburn) March 19, 2023

The record-breaking burn transaction of the week occurred on March 17^th, when KoyoToken sent 924,150,949 (924.15M) SHIB to the dead wallet in one significant transaction.

KoyoToken has contributed overwhelmingly to Shiba Inu burns since March 10^th and has destroyed a herculean 4,631,179,336 (4.63B) SHIB through multiple transactions, as per data provided by Etherscan.io.

Past 24 Hours

In the past 24 hours, Shiba Inu Community-led burn projects collectively have removed a total of 15,248,223 (15.24M) SHIB from circulation forever through 33 separate transactions.

In the past 24 hours, there have been a total of 15,248,223 $SHIB tokens burned and 33 transactions. Visit https://t.co/t0eRMnyZel to view the overall total of #SHIB tokens burned, circulating supply, and more.
— Shibburn (@shibburn) March 20, 2023

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SHIB Super Store contributed significantly towards Shiba Inu burn over the last day while sending a whopping 10,158,730 (10.15M) SHIB to the inferno address in one significant transaction using the official SHIB Burn Portal. In addition, the project has rewarded the Community with 10.05 million SHIB through its Weekly Burn and Earn program.

Forgot to make the tweet
10.1M Burned
10.05M Rewarded
About $222, or 1% higher than last week, hey, progress is progress!
This also marks the 50th burn, thank you everyone!https://t.co/d0goxr6syshttps://t.co/7qqpBvXP8R pic.twitter.com/AtqBTTqit3
— SHIB Super Store (@shib_superstore) March 20, 2023

Despite the massive burn, the overall Shiba Inu burn rate declined by -61.26% over the past day, when 40,595,413 (40.59M) SHIB tokens were removed from circulation forever.

Shiba Inu Burn Rate Plunged 61 Percent Over the Past 24 Hours

As of writing, Shiba Inu is trading at the price of $0.0000107, down -2.09% over the last day with a 24-hour trading volume of $269,919,095 ($269.91M).

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Source: https://thecryptobasic.com/2023/03/20/over-2-07-billion-shiba-inu-shib-burned-in-a-week/?utm_source=rss&utm_medium=rss&utm_campaign=over-2-07-billion-shiba-inu-shib-burned-in-a-week