Just One Transaction Burns 21M Shiba Inu in 24 Hours

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Just One Transaction Burns 21M Shiba Inu in 24 Hours
Just One Transaction Burns 21M Shiba Inu in 24 Hours

Every day, Shiba Inu Community continues to burn millions of tokens with dog-related themes. In the last 24 hours, about 20.99 million Shiba Inu (SHIB) have been burned.

But what’s remarkable is that only one transaction in the previous twenty-four hours has added to Shib’s burn.

Only that one transaction burned 20.9M SHIB.

The investigation has revealed that the burn transaction originated from “1Cent,” one of the busiest SHIB Burn Projects. 

The community-led burn initiative also set fire to 121 Bone ShibaSwap (BONE), in a separate transaction, in addition to burning Shiba Inu.

The 1Cent Token has continuously planned its Weekly Burn Event to burn a sizable quantity of cryptocurrency with a canine theme since March 14th, 2022. 

According to the project’s official website, the 1Cent has so far burned via several transactions a staggering 3,426,513,566 (3.42B) SHIB, worth $31,256.

Shiba Inu is trading at $0.000009123, up 4.19% from the previous day, with a $236,525,728 ($236.52M) 24-hour trading volume.

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