The Shiba Inu community’s initiative to burn a huge percentage of SHIB tokens in order to drastically reduce its circulating supply continues to make progress.
On a monthly basis, billions of SHIB tokens are being sent to dead wallets through different community strategies and this shows no sign of slowing down due to the yearly target they have set for themselves.
According to the latest data released by Shibburn, the tracker of all transactions sent to the inferno wallets, a total of 4.7 billion SHIB tokens were permanently removed from Shiba Inu’s circulating supply. While 1.1 billion tokens were destroyed in seven days and 216.4 million tokens were burned in the last hour.
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SHIB Burned In July, In Seven Days, and Last Hour
As reported by Shibburn, a total of 4,762,745,494 SHIB tokens were burned in July via 505 transactions.
Shibburn tweeted, “4,762,745,494 $SHIB tokens have been burned in the month of July with 505 transactions.”
In the last 7 days, there have been a total of 1,138,338,325 $SHIB tokens burned and 122 transactions. #shibarmy
— Shibburn (@shibburn) July 31, 2022
The SHIB burn tracker also reported that a total of 1,138,338,325 SHIB tokens were destroyed in the last seven days through 122 transactions.
Shibburn tweeted, “In the last 7 days, there have been a total of 1,138,338,325 SHIB tokens burned and 122 transactions.”
In the last 7 days, there have been a total of 1,138,338,325 $SHIB tokens burned and 122 transactions. #shibarmy
— Shibburn (@shibburn) July 31, 2022
The platform also told the Shiba Inu community members that the SHIB burn for the month of August 2022 has already started, as a total of 216,487,142 SHIB tokens are already taken out of circulation.
“In the past 24 hours, there have been a total of 216,487,142 SHIB tokens burned and 32 transactions.”
In the past 24 hours, there have been a total of 216,487,142 $SHIB tokens burned and 32 transactions. Visit https://t.co/t0eRMnyZel to view the overall total of #SHIB tokens burned, circulating supply, and more. #shibarmy
— Shibburn (@shibburn) August 1, 2022
It’s also worth noting that the data on SHIB Burn Portal is saying that the active community members have collectively burned over 60 billion SHIB since the launch of the burn portal, through thousands of transactions in the past three months.
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