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Shiba Inu Tokens Destroyed via SHIB Burn Portal Surpass 56 Billion as SHIB Trading Volume Spikes

A total of 56 billion SHIB tokens have been burned since the launch of the SHIB Burn Portal, according to the data recently shared on Twitter.

After the launch of the SHIB Burn Portal in late April, Shiba Army embarked on a SHIB burning spree, resulting in the removal of relatively 8 billion SHIB tokens from the circulating supply within 24 hours.

So, since the initial burn, Shiba Inu community members have collectively destroyed a total of 56,010,002,538 SHIB tokens.

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@theshibdream tweeted, “56,010,002,538 SHIB Now Incinerated in the Shib Burn Portal.”

Meanwhile, the date of SHIB Burn Portal rewards distribution has been estimated.

As announced by ShibaSwapDex a couple of hours ago, Ryoshi Vision rewards will be distributed to the eligible users in the next two days.

ShibaSwapDex tweeted, “SHIB Burn Portal Rewards Update: Ryoshi Vision rewards will be distributed in the next 48 to 72 hours. We know this has been long awaited for all, and did not expect such delays. We will post another update upon release & completion. Thank you for your patience, and support!”

Read Also: Shibburn: Over 200 Million SHIB Burned in 24 Hours, Burn Rate Surges 162% over the Last Day

Shiba Inu (SHIB) Trading Volume Spikes

According to the data shared by WhaleStats, Shiba Inu (SHIB) continues to face buying pressure from whales as it ranks among the top 10 most purchased tokens by the 2,000 biggest ETH whales in the last 24 hours.

WhaleStats tweeted, “JUST IN: SHIB @Shibtoken now on top 10 purchased tokens among 2000 biggest ETH whales in the last 24hrs.”


Presently, the top 5,000 ETH whales are hodling $663,117,830 worth of SHIB. Shiba Inu also remains the biggest token position held by whales. At the time of publication, Shiba Inu was trading down nearly 7.52% at $0.000011, up 33.79% in the past week.

On the 21st of June 2021, Shiba Inu (SHIB) sharply rose more than 45% to become one of the biggest gainers in the crypto market. The Shiba Inu holder count has jumped to 1,189,796, according to WhaleStats, demonstrating growth in June.

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Tobi Loba
Tobi Loba
Tobi Loba is a passionate writer with a vast interest in the stock market. She joined the crypto ecosystem about three years ago and has written lots of ebooks and articles in relation to cryptocurrency and blockchain projects. Tobi Loba earned her degree at the University of Ibadan.

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