Cryptocurrency

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

Despite the situation in the market, the Shiba Inu army is not dissuaded from keeping the SHIB burning, considering the daily burn reports from Shibburn, the channel that tracks all transactions of Shiba Inu tokens to the dead wallets.

Over 200 Million SHIB Tokens Burned in 24 Hours

According to the recent report posted by Shibburn, the Shiba Inu Army collectively burned a total of 216,301,162 SHIB tokens in the last 24 hours via 15 transactions.

We Are On Twitter: Follow Us

Shibburn tweeted, “In the past 24 hours, there have been a total of 216,301,162 SHIB tokens burned and 15 transactions.”

Read Also: Analytics Firm: Shiba Inu (SHIB) Could Reach $5 by 2050

SHIB Burn Rate Surges 162% over the Last Day

Data also revealed that there was an increase in the number of SHIB tokens destroyed per day. The burn rate reportedly surged by 162.98% over the last 24 hours.

Over 100 Million SHIB Burned Between 1Cent and ETH Shiba

According to 1Cent and ETH Shiba, the weekly SHIB burn event was held as usual and over 100 million SHIB tokens were burned between them via one transaction each.

1Cent organized its weekly burn event on the 20th of June, resulting in the destruction of 52,170,994 SHIB tokens in one transaction.

Based on the update on 1Cent’s official website, a total of 2,546,766,448 SHIB tokens have been permanently removed from Shiba Inu’s circulating supply via 16 transactions since the 14th of March 2022.

Read Also: Shiba Inu (SHIB) Discussed On a Very Popular FM Radio Channel in Argentina

Similarly, ETH SHIBA destroyed a total of 50 million SHIB through the weekly SHIB burn event conducted on Monday. According to the report, the whopping burn played out via a single transaction using the SHIB Burn Portal powered by Ryoshi Vision.

So far, ETH SHIBA has managed to burn a total of 2.45 billion tokens through its weekly burn event. ETH SHIBA was launched in March as a mechanism to continuously destroy Shiba Inu tokens.


Follow us on Twitter, Facebook, Telegram, and Google News

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.

Recent Posts

Robinhood Moved 1.75 Trillion SHIB

The cryptocurrency community recently witnessed a noteworthy event involving Shiba Inu (SHIB). Whale Alert, a…

2 hours ago

Sui Turns One: Debut Year of Growth and Tech Breakthroughs Puts Sui at Forefront of Web3

Grand Cayman, Cayman Islands, May 3rd, 2024, ChainwireProtocol launches, growth trajectory, and industry-leading technology point…

6 hours ago

Shiba Inu (SHIB) to $0.00007? Analyst Cites a Forming Bullish Flag

The cryptocurrency market experienced a positive shift yesterday (May 2nd), with Shiba Inu (SHIB) emerging…

6 hours ago

Why This $127 Million Shiba Inu (SHIB) Is A Trend Decider

Shiba Inu (SHIB) has experienced a significant price decline in recent days, losing over 8%…

8 hours ago

Shiba Inu Fee Spikes 5x, What’s Happening?

In the past 24 hours, transaction fees on Shibarium, Shiba Inu's layer-2 scaling solution, have…

9 hours ago

BlockDAG’s Strategic Innovations And Outstanding $22.4M Presale Shines Amidst Litecoin and Binance Coin Developments

BlockDAG is making significant strides in the cryptocurrency market by introducing a new vesting strategy…

10 hours ago