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Shiba Inu Reaches 1 Billion Weekly Burn for the First Time Since July 18th

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Shiba Inu community has reduced the circulating supply of the most popular canine-themed cryptocurrency even further by burning 57.30 million Shiba Inu (SHIB) tokens in the last 24 hours and 1.21 billion within a week.

The SHIB Burn tracking platform recently released a Shiba Inu Weekly Burn Figure. Shib Community has destroyed 1,214,431,010 (1.21B) SHIB worth $14,427 in 121 transactions in the last 7 days.

The last time weekly burn exceeded one billion coins was on July 18th, when Shibarmy burned more than one billion coins.

The Week’s Best SHIB Burner

The newly launched ShibaBae Token has burned the most Shiba Inu in the last week, while Travis Johnson’s SHIB Super Store and 1Cent token are among the other notable SHIB Burners projects.

ShibaBae, the newly launched BEP20 token focused on building SHIB burn mechanisms, became the top SHIB Burner of the week on Saturday, August 27th, when the Community-led Burn Initiative sent a total of 160,549,026 (160.54M) SHIB to the “inferno” addresses in one significant transaction.

Read also: Prominent Game Developer Reveals When Shiba Inu Will Launch Its Game

1 CENT Weekly Burn Event

On Monday, August 22nd, 1Cent, a token dedicated to the burning of Shiba Inu, held its Weekly Burn Event. The Community-led Burn Initiative incinerated 40,000,000 (40M) SHIB in one visible transaction through this event.

Travis Johnson’s SHIB Super Store Fireworks Display

Travis Johnson’s SHIB Super Store hosted its Weekly Burn Event on Sunday, August 28th. Using SHIB Burn Portal, it permanently removed 46,064,765 (46.06M) SHIB from circulation in a single significant transaction.

Related article: Shiba Inu Burn Rate Surges As Almost 400 Million Tokens  Got Destroyed In The Past 24 Hours

Burn in the Past 24 Hours  

Aside from weekly burns, the Shiba Inu Community has incinerated 57,304,085 (57.30M) SHIB tokens in 17 separate transactions in the last 24 hours using the SHIB Burn Portal, according to Shibburn.com.

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