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Shiba Inu Burns 2.3 Billion SHIB in September

source-logo  thecryptobasic.com 02 October 2023 10:34, UTC

Shibburn.com reveals a significant decrease in the monthly Shiba Inu burn rate as the Community set fire to 2.32 billion SHIB tokens in September.

Shibburn.com has unveiled the monthly burn statistics for Shiba Inu. According to their tweet, the Shiba Inu Community has transferred 2,323,834,085 (2.32 billion) SHIB to the inferno addresses in the past thirty days. This remarkable feat is achieved through four hundred and twenty-six (426) individual transactions.

🔥🔥🔥 2,323,834,085 $SHIB tokens have been burned in the month of September with 426 transactions. #Shib pic.twitter.com/ywWejDn3jy

— Shibburn (@shibburn) October 1, 2023

This latest report showcases a 59.34% decrease in the burn rate compared to the previous month when the Shiba Inu Community set a record by incinerating 5,715,986,938 (5.71 billion) SHIB tokens via 763 separate transactions.

Koyo Token (KOY) took the spotlight this month by executing the most substantial burn transaction. The community-driven project sent 191,531,588 (191.53 million) SHIB tokens to the dead wallet in a single transaction on September 22.

Koyo Token has been actively participating in the Shiba Inu token burning process since March 9, 2023, with Etherscan.io data confirming their impressive contribution of 9,685,424,962 (9.68 billion) SHIB tokens burned to date.

Furthermore, Shiba Inu enthusiasts continued their burning spree in the last week of September, torching 427,873,503 (427.87 million) SHIB tokens through one hundred and twenty-nine (129) distinct transactions.

In the last 7 days, there have been a total of 427,873,503 $SHIB tokens burned and 129 transactions. #shib pic.twitter.com/Jw5MYhEkBx

— Shibburn (@shibburn) October 1, 2023

As reported earlier by The Crypto Basic, Shibburn, the exclusive SHIB burn tracking platform, unveiled a game-changing initiative for Shiba Inu called the “Shib Association.” Under this initiative, Shibburn plans to develop a new blockchain exclusively for SHIB. Shiba Inu will serve as the native gas token of this blockchain, with no support for any other tokens within the Shiba Inu Ecosystem, including Bone ShibaSwap (BONE) and the Doge Killer (LEASH).