In the last 24 hours, the Community has removed over 239.53 million Shiba Inu (SHIB) and 801 Bone ShibaSwap (BONE) from circulation. The “Top Burner of the Day” is a 1-cent token.
The global crypto market is experiencing difficulties as it falls below the $1 trillion mark for the first time since January 2021. Shiba Inu supporters see this difficult period as an opportunity to permanently remove billions of Shiba Inu tokens from circulation at lower costs.
The Shiba Inu (SHIB) Community continues to burn millions of Shiba Inu (SHIB) per day, reducing the total supply over time.
Shiba Inu Community unites to incinerate a total of 239,535,584 (239.53M) SHIB through eleven separate transactions, according to a recent tweet from the SHIB Burn tracking platform, Shibaburn.com.
1 Cent Token Named “Top Burner of the Day”
The major SHIB Burner project sent 184.49 million SHIB and 801 BONE to a dead wallet in two separate transactions, making 1Cent the only token dedicated to burning the two tokens of the Shiba Inu ecosystem, namely, SHIB and BONE, the most significant burns in the past 24 hours.
On Tuesday, June 14th, 1Cent token hosted its Weekly Burn Event (Tuesday). In one significant transaction, the team behind the token removed a total of 184,495,831 (184.49M) SHIB, worth only $1,480, from circulation forever.
At the same time, the project completed another notable transaction in which a negligible total of 801 Bone ShibaSwap (BONE), the Shiba Inu ecosystem’s governance token, were burned.
The team updated the total number of Burn SHIB tokens and BONE on its official website shortly after organizing the Weekly BURN EVENT. According to the website, the 1 cent has sent 2,494,595,454 (2.49B) SHIB to dead wallets in 15 separate transactions since March 14th, 2022.
1 Cent is the only project that burns both SHIB and BONE. On April 25th, 2022, the team burned Bone ShibaSwap for the first time. Since then, the project has permanently removed 43,560 BONE from circulation through 8 separate transactions.
Readers should be aware that the 1Cent token is an independent project with no official ties to the Shiba Inu ecosystem.