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 Shibburn.com, 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.
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.