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Shiba Inu Community Burns Over 650 Million Tokens in the Past Seven Days

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The buzzing Shiba Inu community have disposed of over 500 million SHIB token in the past week via the SHIB Burn Portal. Additionally, 120 Bone ShibaSwap (BONE) has also been removed from circulation.

According to, the Shib Army was responsible for burning 654,662,527 (654.66M) tokens of the canine-themed cryptocurrency Shiba Inu (SHIB) to the dead wallet through 127 separate transactions in the past seven days.

On Monday, 1st August, 216M Shib were burned, 170.6M on Tuesday, 58.2M on Wednesday, 38.4M on Thursday, 27.6M on Friday, 38.9M on Saturday, and 104.2M tokens were burned on Sunday.

Related: Shiba Inu Burn Portal Marks 100 Days After Launch: Total Tokens Burned So Far

1Cent Token Leads Shiba Inu Burns

Top SHIB burner, 1Cent Token organised its Weekly Burn Event on August 1st, 2022. The project made a total of two transactions to burn SHIB and BONE. In the first transaction, the 1Cent sent 82,681,787 (82.68M) SHIB to the dead wallet. At the same time, the project carried out the second noticeable transaction and destroyed a total of 120 Bone.

Read More: Amazon Takes Charge in Shiba Inu Burns as Whales Scoop up $150M SHIB.

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Lekan Eyinade
Lekan Eyinade is a resourceful crypto content creator and copywriter with over two years of experience writing compelling cross-channel copies for web content, press releases, newsletters, and advertising materials. He is adept at various communication formats, including feature articles, headlines, blogs, and social media and has used his skills to promote cryptocurrency adoption. His interests include cryptocurrency, finance, music, and sports.
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