Amazon Burner Destroys 3 Billion SHIB Tokens

According to Travis Johnson, the game developer behind @shib_superstore Twitter handle, over the weekend, a total of 50,704,939 SHIB tokens worth $666 were burned via his Amazon affiliate program launched in October 2021.

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As reported by Johnson, this has now brought the total number of SHIB burned at the portal to 1.1 billion tokens and all-time SHIB destroyed via the Amazon burner to about 2.9B SHIB.

This shows that Amazon considerably contributed to the massive increase in the number of tokens burned over the last 24 hours.

Travis Johnson tweeted, “Burn! 50.7M SHIB ($666) Bringing the total we have burned at the portal to 1.1B and all time to nearly 2.9B SHIB!”

Burn!

50.7M SHIB
($666)

Bringing the total we have burned at the portal to 1.1B and all time to nearly 2.9B SHIB!

Thanks everyone!

To view all the ways to burn through me, please visit https://t.co/d0goxr6sys

Our biggest burner is Bricks Buster!https://t.co/oSCnYXaU36 pic.twitter.com/aC539K8SQl

— SHIB Super Store (@shib_superstore) September 11, 2022

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Shiba Inu (SHIB) Burn Rate Surges Nearly 889% Thanks To Amazon

According to Shibburn, the platform that tracks all SHIB tokens sent to inferno wallets, the total burn rate of the dog-themed crypto has gained nearly 889% within the last 24 hours.

This resulted from a higher amount of SHIB burned since Sunday morning (64,986,148 SHIB). A total of 50,704,939 were burned in a single transaction thanks to Amazon burner. Whereas, only 8,369,636 tokens were burned on Saturday, representing an 8x burn increase on Sunday.

It should be noted that only 272.2 million SHIB were sent to the dead wallets in September, which can be tagged as a poor performance compared to previous months.

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The post Amazon’s Impact Boosts Shiba Inu (SHIB) Burn Rate By 888% appeared first on Times Tabloid.

As reported by Shibburn, the platform that tracks all transactions of Shiba Inu (SHIB) to the dead wallets, over 131.34 million SHIB tokens have been burned in the last 24 hours, while 1.04 billion SHIB tokens were destroyed within the last 7 days.

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1.04 Billion SHIB Burned in 7 Days

According to the tweet posted by Shibburn, a total of 1,046,842,187 SHIB tokens have been moved to inferno wallets in the past 7 days via 101 transactions.

Shibburn tweeted, “In the last 7 days, there have been a total of 1,046,842,187 SHIB tokens burned and 101 transactions.”

In the last 7 days, there have been a total of 1,046,842,187 $SHIB tokens burned and 101 transactions. #shibarmy

— Shibburn (@shibburn) June 12, 2022

Likewise, it’s reported that 1CENT, one of the tokens dedicated to burning SHIB, has destroyed 1,055 ShibaSwap (BONE), the governance token of the Shiba Inu ecosystem.

Travis Johnson’s SHIB Super Store, ETH SHIBA, and 1Cent token are among the major SHIB Burn contributors of the Week. Travis Johnson’s SHIB Super Store was able to organize two consecutive “Weekly Burn Events”.

Read Also: New Record SHIB Burn: 31 Billion Shiba Inu Tokens Destroyed In May

Shiba Inu (SHIB) in the Market

Due to the current bear market, the impact of the burned tokens has not been felt on the price of Shiba Inu (SHIB). The cryptocurrency has failed to retain its critical support level at $0.00000908 on the 4-hours chart.

At the time of filing this report, SHIB is trading at $0.000007588, with a relatively 16% price downtrend in the last 24 hours and over 30% dip in the last 7 days, according to CoinMarketCap.

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The post 1.04 Billion SHIB Tokens Burned in 7 Days, but Shiba Inu Price Is Down 30% in a Week appeared first on Times Tabloid.