In the last 24 hours, more than 38.31 million Shiba Inu were burnt. A renowned community-led SHIB Burn initiative delivered 11.40 million Shiba Inu tokens to the “inferno” address in a single transaction.
According to a recent report from Shibburn.com, the Shiba Inu Community has permanently removed a staggering 38,314,702 (38.31M) SHIB through 5 different transactions over the last 24 hours.
The “1Cent” token, part of the community-led SHIB Burn Project, substantially contributed to the last 24-hour burn and burned a sizable quantity of the canine-themed cryptocurrency in a single transaction.
On Monday, November 21st, 1Cent Token held its Weekly SHIB Burn Event and reduced the amount of Shiba Inu in circulation by transferring 11,406,208 (11.40M) SHIB to the dead wallet in one go.
As “Proof of Burn,” the 1Cent token tweeted the burn transaction URL to the community after the Burn Event. Additionally, the SHIB Burn project tweeted that it had put a match to 63 Cardano and 45 Bone ShibaSwap (BONE) (ADA).
The SHIB price is unaffected right away by the development. Shiba Inu is now trading at $0.000008342, up 0.4% from the previous day, and has a 24-hour trading volume of $188,568,351 ($188.56M).