Shibburn.com Confirms 2 Billion Shiba Inu Burnt In 24 Hours

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Shiba Inu

According to Shibburn.com, 2,030,364,253 (2.03 Billion) Shiba Inu tokens were taken out of circulation in 159 transactions via the SHIB burn portal. 

The burn rate increased by 184.24% in the past 24 hours when 712,842,408 (712.84M) SHIB tokens were burned through 115 separate transactions.

SHIB Burn Portal Improves Shiba Inu Burning Rates

The Shiba Inu team launched the SHIB Burn Portal six days ago (23 April 2022) on ShibaWap. So far, billions of tokens have been disposed of daily, making the burning initiative a total success for the Shiba Inu ecosystem. After the launch, 19,737,327,938 (19.73B) SHIB, worth $452,379, were taken out of circulation forever through hundreds of transactions by the burn portal.

In addition, a total of 1,461,828,101 (1.46B) SHIB were permanently removed from circulation through 160 transactions on 27 April, 5 Billion SHIB burnt on 26n April, and a single unknown wallet burnt more than 1 Billion SHIB on 25 April, after SHIB Burn Portal launch.

Shiba Inu (SHIB) remains under some mild selling pressure despite the massive burning rate. Currently, SHIB is trading at the price of $0.00002289, down -1.52% over the last day, with a 24-hour trading volume of $499,835,064 ($499.83M).