More Than 258 Million SHIBs Burnt in the Past 24 Hours

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Shiba Inu

According to data from Shibburn.com, 258,294,131 (258.29M) SHIB tokens have been burned through 11 separate transactions by community burning parties and developer built burning mechanisms in the last 24 hours.

In addition, 1Cent and ScareCrow (SHIB Protector) continued to contribute the largest share and appeared to be the top SHIB burner of the day.

1Cent Burn Event

1Cent has organised a burn party for the 5th consecutive month on 11th April 2022 and burned a total of 145,686,435 (145.68M) in one transaction yesterday. The project “1Cent” has taken out a whopping 1,311,802,045 (1.31B) SHIB from circulation within one month and four days.

ScareCrow (SHIB Protector) Auto-Burn Mechanism

ScareCrow (SHIB Protector) burned 104,563,610 (104.56M) through 4 separate transactions, using its unique auto-burn feature, according to data provided by Shibburn.com.

SHIB Protector automatically uses the taxed amount to buy SHIB and burns whenever someone buys or sells tokens. Within four weeks, this unique auto-burning mechanism sent over two billion SHIB out of circulation.

Renaming of Shiboshi

Renaming of Shiboshi, a developer-built SHIB burning mechanism, also burned 3,765,784 (3.76M) SHIB through 2 separate transactions.

Today’s SHIB Price

Shiba Inu is currently trading at the price of $0.00002278, down -6.38% over the last day. The 24-hour trading volume for the popular memecoin dipped over 19% compared to the previous day and currently stands at $760,451,145.35 ($760.45M).