Over 191.51 million Shiba Inu (SHIB) were burned in the last 24 hours, and 1.10 billion in the previous seven days. One of the Community-led Burning Projects also destroyed 1,159 Bone ShibaSwap (BONE).
According to data from the tracking tool Shibburn, almost 1.10 billion tokens of the dog-inspired cryptocurrency Shiba Inu (SHIB) have been permanently removed from circulation in nearly 97 separate transactions during the last week.
1CENT, one of the coins dedicated to the destruction of SHIB, has also destroyed 1,159 Bone ShibaSwap (BONE), the Shiba Inu ecosystem’s governance token.
The prominent SHIB Burn contributors of the Week include ETH SHIBA and 1Cent token, while Travis Johnson’s SHIB Burn Games has postponed its Weekly Burn Event until Monday.
According to a recent Shibaburn.com tweet, the Shiba Inu Community has burned 1,102,774,392 (1.10B) SHIB tokens in the last seven days via 97 unique transactions.
Among famous SHIB Burners, ETH SHIBA burns the most Shiba Inu tokens in a week, with 1CENT coming in second.
The ETH SHIBA Burning Event
ETH SHIBA, one of the tokens dedicated to the burning of Shiba Inu, has organized its first-ever SHIB Burn Party via the SHIB Burn Portal. Through this event, ETH SHIBA destroyed 150 million Shiba Inu worth $1,632 in a single significant transaction.
In the form of an Etherscan transaction, the team distributed “Proof of Burn.”
The ETH SHIBA project has been running for three months. The cryptocurrency claims to have burned over 2.35 billion Shiba Inu tokens since its debut in March.
1CENT Weekly BURN EVENT
On May 30th, 1Cent, the only token dedicated to burning the other two tokens of the Shiba Inu ecosystem, SHIB and BONE, held its Weekly Burn Event (Monday). In one significant transaction, the 1Cent token removed 64,561,218 (64.45M) SHIB, worth only $786.75, from circulation forever.
At the same time, the project completed another transaction, destroying a total of 1,159 Bone ShibaSwap (BONE), the Shiba Inu ecosystem’s governance token.
The project’s staff has published the two independent burn transaction links for SHIB and BONE with the community as “Proof of Burn.”
The company also updated the total quantity of Burn SHIB tokens and BONE on its official website shortly after organizing the Weekly BURN EVENT. Since March 14th, 2022, the project claims to have burned 2,225,768,297 (2.22B) SHIB in 12 separate transactions.
1 Cent is the only project that burns both SHIB and BONE. On April 25th, 2022, the crew burned BONE for the first time. Since then, 1CENT has permanently removed 41,704 BONE tokens from circulation via 5 separate transactions.
Aside from weekly burns, Shiba Inu Community has sent 191,510,171 (191.51M) SHIB tokens to the dead wallet in 14 separate transactions in the last 24 hours.