Shiba Inu: 223M SHIIB Burns in 7 Days and 22M Per Day

Shiba Inu: New Whale Wallet Grabs 136.86 Billion SHIB as Price Drops Zero

“Shibburn.com,” “SHIB Super Store,” and “1Cent,” three well-known community-led burn efforts, are listed among the “Top SHIB Burners of the Week.”

Weekly Burns

Shiba Inu Community sent a total of 223,264,370 (223.26M) SHIB to the “inferno” addresses over 51 different transactions in the previous week, according to a recent report from Shibburn.com.

Read more: Binance holds Reserves of Over 87 Trillion Shiba Inu

In three consecutive transactions, “Shibburn.com,” “SHIB Super Store,” and “1Cent” eliminated a staggering 166,000,354 (166M) SHIB from circulation permanently.

Shibburn.com

The greatest SHIB Burn of the week was recorded by Shibburn.com. Shibburn.com executed a significant transaction on November 22nd to remove 127,821,443 (127.82M) SHIB from circulation indefinitely.

It should be emphasized that Shibburn.com has established three revenue sources, namely Shibburn.com, Shibburn Radio, and Super Followers and that it has allocated around 40% of all of these revenues to Shiba Inu Burns.

SHIB Super Store

The second-largest burn of the week was registered at SHIB Super Store. On November 21st, SHIB Super Store tweeted that it has used SHIB Burn Portal to make a historic transaction involving a total of 26,772,703 (26.77M) SHIB.

1Cent Token

In one notable transaction, the SHIB Burn Project burnt 11,406,208 (11.40M) SHIB through the Weekly SHIB Burn Event held on November 21st, 2022, allowing 1Cent Token to move up to third place on the list of “Top SHIB Burners of the Week.”

Read also: Launch of New Staking Pools by CIVILIZATION for ALL SHIBA INU Tokens

Past 24 Hours Burn

According to Shibburn.com, the Shiba Inu Community transferred 22.02 Million SHIB to the “Null Address” in 11 different transactions over the last day, excluding Weekly Burn.

Olasunkanmi Abudu

Olasunkanmi Abudu is a Web3 content writer with over five years of experience covering blockchain, decentralized finance, and digital assets. He specializes in producing well-researched and accessible content that explains complex technologies and market trends to both general readers and industry professionals.

Disclaimer: The information in this article should not be considered financial advice, and FXCryptoNews articles are intended only to provide educational and general information. Please consult with a financial advisor before making any investment decisions.

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