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Shiba Inu Burn Rate Surges 8,000% As 50M SHIB Burned in a Day

source-logo  thecryptobasic.com  + 1 more 22 May 2023 08:54, UTC
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Shiba Inu Community burns 50.76 million $SHIB in a day. The mysterious wallet and $SHIB Super Store emerged as the leading contributors.

In a recent report, Shibburn.com revealed that the Shiba Inu Community destroyed 50,763,734 (50.76) $SHIB through three separate transactions in the past 24 hours.

In the last 7 days, there have been a total of 3,054,599,199 $SHIB tokens burned and 8 transactions. #shib

— Shibburn (@shibburn) May 21, 2023

Top $SHIB Burners of the Day

The mysterious wallet and $SHIB Super Store were recognized as the “Top $SHIB Burners of the Day.”

Mysterious Wallet

The mysterious wallet has burned the most $SHIB in the past day. The unknown wallet has sent a whopping 39,511,911 (39.51M) $SHIB to the dead wallet in a single transaction executed about 19 hours ago from press time.

🔥 39,511,911 $SHIB -> transferred to dead wallet. https://t.co/vPa16RVgY7

— Shibburn (@shibburn) May 21, 2023

$SHIB Super Store

A few hours later, $SHIB Super Store organized its Weekly burn event. In the event, a prominent Community-led burn initiative has set fire to another 10,676,779 (10.67M) $SHIB in one significant transaction using the official $SHIB Burn Portal.

$SHIB Super Store tweet also confirmed that the project distributed 10.2 million $SHIB among the Community as a reward.

Burn/Reward!

10.6M Burned
10.2M Rewarded

Around $185

Little short this week, Mon/Tues. CPM were garbage aside from Candy Trips, but it regained later in the week.

By the end of the week, I should be able to announce what I have been working on!

It will be a game changer. pic.twitter.com/oREJ94ke6q

$SHIB Super Store (@shib_superstore) May 21, 2023

The significant burn activity has propelled the Shiba Inu burn rate to surge by 8627.82% over the last day, where only 575,043 $SHIB were burned in a single transaction.

$SHIB Burn Rate Surges 8627 Percent in the Past 24 Hours">
$SHIB Burn Rate Surges 8627 Percent in the Past 24 Hours

As reported earlier by the Crypto Basic, the Shiba Inu Community has destroyed a staggering 3,054,599,199 (3.05B) $SHIB through eight separate transactions in the past week.

thecryptobasic.com

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