Shiba Inu Burning Momentum, 3.78 Billion Shib Burned In August, 461 Million In 24 Hours, 219 Million In One Transaction

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Shiba Inu

In August 2022, over 3.78 billion Shiba Inu (SHIB) tokens were burned, with over 461.13 million SHIB tokens burned on the month’s final day. In the last 24 hours, one of the Community-led burn initiatives incinerated 219 million Shiba Inu tokens in a single transaction.

The Shiba Inu Community sent a whopping total of 3,785,744,343 (3.78B) SHIB to the dead wallet in August, with 528 separate transactions, according to the SHIB Burn.

ShibaBae, a newly emerged token, and Travis Johnson’s SHIB Super Store, a 1Cent token, contributed significantly to the SHIB Burn and are recognized as the “Top SHIB Burners of the Month.”

Read also: Shiba Inu Expands Its ‘SHIB: The Metaverse’ With New Teams And Allows Community Participation To Build Further

ShibaBae Burn Event

ShibaBae, a newly launched BEP-20 token that shows solidarity with the Shiba Inu Community by reducing the total supply of Shiba Inu, organized three Burn Events in August 2022. First, on August 10th, the token performed its first-ever SHIB Burn, sending 139,854,341 (139.85M) to the “inferno” address in a single significant transaction. 

Following this, on August 27th, the ShibaBae held its second Burn Event, burning another 160,549,026 (160.54M) in a single transaction. In the last 24 hours, the Community-led Burn initiative incinerated 219,000,000 (219M) SHIB in one notable transaction.

In total, the ShibaBae token has set fire to 519,403,367 (519.40M) in August 2022.

The1 Cent Token Burn  Event

In August 2022, 1Cent, one of the tokens dedicated to burning Shiba Inu, organized five Burn Events per week. As a result, through five separate burn transactions, it destroyed a massive total of 286,013,545 (286.01M) SHIB.

On August 1st, 82,681,787 (82.68M) SHIB were burned, followed by 31,231,639 (31.23M) on August 8th, 41,451,405 (41.45M) on August 15th, 40,000,000 (40M) on August 22nd, and 90,648,714 (90.64M) on August 29th, 2022.

Related article: Shiba Inu Burn Rate Increases by 283%, With 175 Million SHIB Burned in 3 Transactions and 213 Million Burned in 24 Hours

Travis Johnson’s Burn Event

Travis Johnson’s SHIB Super Store was the third largest SHIB Burner of the month in August 2022, as the Community-led Burn Initiative sent a total of 222,052,009 (222.05M) to the “inferno” addresses in five separate transactions via SHIB Burn Portal.

Every Sunday, SHIB Super Store hosts a Weekly Burn Event. SHIB Super Store set fire to 42,658,017 (42.65 million) on August 1st, 47,774,375 (47.77 million) on August 7th, 39,555,189 (39.55 million) on August 14th, 45,999,663 (45.99 million) on August 21st, and 46,064,765 (46.06 million) on August 28th, 2022.

24 Hours Burn

Shiba Inu (SHIB) burn rate increased 198.59% in the last 24 hours as ShibaBae Token burned 219 million SHIB in one significant transaction.

According to Shibburn.com, the Community has destroyed 461,130,600 (461.13M) SHIB in 55 separate transactions in the last 24 hours.