Shiba Inu Burnt 1.21 Billion Tokens In A Week, 76 Million in 24 Hours

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Over 76.27 million Shiba Inu (SHIB) were burned in the last 24 hours, and 1.21 billion in the previous seven days. One Community-led Burning project also incinerated 300 Bone ShibaSwap (BONE).

Shibburn data shows that over 1.21 billion tokens of the canine-themed cryptocurrency Shiba Inu (SHIB) were burned in 104 separate transactions over the last week. The prominent SHIB Burn contributors of the Week include 1Cent Token and Travis Johnson’s SHIB Super Store.

1CENT also burned 300 Bone ShibaSwap (BONE), the Shiba Inu ecosystem’s governance token.

According to a recent tweet from Shibaburn.com, the Shiba Inu Community has sent a whopping 1,217,385,404 (1.21B) SHIB tokens to “inferno” addresses in 104 separate transactions over the last seven days.

Read also: Luxury Yacht Services Company Now Accepts Bitcoin, Shiba Inu, Dogecoin and Other Cryptocurrencies as Payment Methods

Among prominent SHIB Burners, Travis Johnson’s SHIB Super Store burns the most Shiba Inu tokens in a week, with the 1CENT token coming in second.

Travis Johnson’s SHIB Super Store used SHIB Burn Portal to remove 48,205,328 (48.20M) SHIB from circulation permanently.

On July 12th, 1Cent, the only token dedicated to burning the other two tokens of the Shiba Inu ecosystem, SHIB and BONE, held its Weekly Burn Event (Tuesday). In one significant transaction, the team burned 40,007,315 (40.00M) SHIB. At the same time, the project completed another transaction and burned 300 Bone ShibaSwap (BONE), the Shiba Inu ecosystem’s governance token.

Related article: Shib Army Destroys 1.31 Billion Shiba Inu In A Week While Reclaiming 1 Billion Weekly Coin Burn

24-Hour Burn

Aside from weekly burns, Shiba Inu Community has sent 76,275,825 (76.27M) SHIB tokens to dead wallets via 16 separate transactions in the last 24 hours using the SHIB Burn Portal, according to Shibburn.com.