2.41 Billion SHIB Burned in 7 Days, 1Cent Weekly Burn Event Destroyed Millions of Tokens: Details

Shiba Inu Lead Dev Addresses Community Concerns For SHIB Larger Burns

Despite the fact that the price trend of cryptocurrencies in the market, including Shiba Inu (SHIB), over the past weeks has remained unfavorable, Shiba Inu community members continue to acknowledge the burn initiative as a major way of securing the future of the digital asset in term of price.

2.41 Billion SHIB Tokens Burned in 7 Days

According to the data provided by Shibburn, the trackers of all the SHIB tokens sent to dead wallets, over the last seven days, a total of 2.41 billion SHIB tokens were jointly burned by the teeming Shiba Inu community members.

Based on the report, the whopping burn took the community 236 separate transactions, and 1Cent token and Travis Johnson’s SHIB Burn Games were among the notable burners in the last seven days.

Shibburn tweeted, “In the last 7 days, there have been a total of 2,417,015,301 SHIB tokens burned and 236 transactions.”

1Cent Weekly SHIB Burn Event

1Cent, the SHIB-inspired token, conducted its weekly Burn Event, where a total amount of 74,450,084 SHIB tokens were burned in two separate transactions.

The team behind the burn event first sent 7,529,854 SHIB tokens to the inferno wallet. After about an hour, another burn that carried 66,920,230 SHIB was initiated, according to Etherscan.

After the weekly Shiba Inu burn event was concluded, the team behind the event updated the number of tokens burned on its official website.

According to 1Cent, a total of 2,161,207,079 Shiba Inu tokens have been destroyed since the 14th of March 2022 via 11 separate transactions.

96 Million Shiba Inu (SHIB) Burned in Past 24 Hours

Shiba Inu (SHIB) burn for this week has already started. According to Shibburn, a total of 96,956,046 SHIB tokens were destroyed within the last 24 hours.

Shibburn reported, “In the past 24 hours, there have been a total of 96,956,046 SHIB tokens burned and 19 transactions.”

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Solomon Odunayo

Solomon is a trader, crypto enthusiast, and analyst with over seven 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.