Over 563M Shiba Inu Burnt In A Week And Over 53M In The Last 24 Hours

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

The previous week saw the destruction of 53 million Shiba Inu (SHIB) with 257M in a single transaction, amounting to about 563.8 million.

According to recent data, the Community-led SHIB Burn project was effective in reducing the circulating supply of Shiba Inu by 563.86 million tokens over the course of the last seven days and 53.66 million over the course of the last 24 hours through 54 different transactions.

The Week’s Top Three Community-led Burn Projects

The amount of Shiba Inu that was burned in the last week by three community-led burn projects, including Shibburn.com, Travis Johnson’s SHIB Super Store, and 1Cent Token, was remarkable.

A record 257,495,644 (257.49M) SHIB were delivered to the dead wallet in a single transaction on September 30th by the Shib burn tracker and first dedicated SHIB Burn Project labeled Shibburn.com. This was the week’s largest burn.

On Sunday, September 2nd, Travis Johnson’s SHIB Super Store staged its weekly burn event as planned and lit a match to 40,108,730 (40.10M) SHIB in a transaction that broke all previous records utilizing the SHIB Burn Portal.

Travis Johnson, the founder of SHIB SuperStore, took an oath to be attentive with his burn efforts on this occasion by saying: “Smaller burn than normal, but October is off to a good start.

He added that his burn initiative has significantly reduced the enormous amount of SHIB that has been circulated since it began last November. Shiba Inu tokens have already been burned for a staggering number of 3,022,826,872 (3.02B) and SHIB Super Store is anxious to burn more to get Shiba Inu to the coveted 1 Cent ($0.01) mark.

The community-driven token 1Cent, which is intended for SHIB Burn, succeeds in moving up to third place. On Monday, September 26, 2022, the Community-led Burn initiative had its weekly burn event. 1Cent sent the “inferno” addresses a total of 17,049,151 (17.04M) SHIB through this event in a single transaction.

Since March 2022, the 1Cent Project has demonstrated its support for the Shiba Inu Community. According to information on 1Cent’s official website, the company has since removed a massive 3,303,399,791(3.30B) through several transactions.

In addition to weekly burning, Shiba Inu Community burned 53,663,523 (53.66M) SHIB throughout the course of seven different transactions in the previous 24 hours, according to reports from Shibburn.com.