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HomeCryptocurrency1.32 Billion SHIB Burned In January as 410.3 Trillion SHIB Tokens Gone...

1.32 Billion SHIB Burned In January as 410.3 Trillion SHIB Tokens Gone So Far: Detail

At every passing hour, a number of Shiba Inu tokens are being destroyed in the ongoing SHIB burning Initiative.

According to recent data shared via the Shibburn Twitter handle, over one billion SHIB tokens were permanently removed from circulation in January 2022.

Read Also: Bigger Entertainment Founder: Shiba Inu Burning Initiative Would Drive SHIB Price Up To $0.01

1.32 Billion SHIB Burned in January 2022

In a recent tweet, the team behind the Shibburn Twitter handle reported that in January, the Shiba Inu community managed to burn a total of 1,321,145,209 SHIB tokens. Considering the current prices, the whole SHIB burned in January was worth around $28,000.

Shibburn tweeted, “1,321,145,209 SHIB tokens have been burned in the month of January with 293 transactions.”

Read Also: Ignoring Shiba Inu (SHIB) Has Possibly Cost Robinhood Millions in Crypto Revenue. Here’s Why

Around 414 Million SHIB Burn Expected In February 2022

On 30th January, the Shibburn team stated that it has so far earned $3,900 to buy and burn SHIB. This sum of money is enough to purchase 179,063,360 tokens.

Also, by the end of February, the team plans to increase the fiat amount to $8,000-$9,000, which could purchase 368,324,125 or 414,555,504 SHIB respectively:

“Just a quick update. So far we made about $3.3k in profits since the new site launched 2 weeks ago, we still have today and tomorrow left to add. We begin counting the whole month starting February, which can bring us twice the amount for March with just ads, maybe more.

“Excellent guys! $3.9k is the total in profits that will be burned once money is cleared, around February 21st. The last two days we had more activity. Going by those numbers we can burn anywhere from $8k to $9k next month with just the website. More to come.”

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Read Also: What Robinhood CFO Says about the Possibility of Listing New Cryptos like Shiba Inu (SHIB)

Conclusively, the Shiba Inu burn initiative has seen 410,301,843,009,529 SHIB tokens destroyed so far, according to the Shibburn team.


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Solomon Odunayo
Solomon Odunayo
Solomon is a trader, crypto enthusiast, and analyst with over four years of experience in the industry. He strongly believes that crypto assets and the blockchain will continue to gain prominence. At TimesTabloid.com, he focuses on news, articles with deep analysis of blockchain projects, and technical analysis of crypto trading pairs.
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