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Shiba Inu (SHIB) Achieves Major Burning Milestone; Over 1.63 Billion SHIB Tokens Gets Out of Circulation Forever in Past Week.
This was the record week for Shiba Inu (SHIB) in terms of Burning. 1.63B tokens have been successfully taken out of circulation forever within the last 7 days by the Shiba Inu Community.
Community-led burning initiatives achieved a major milestone last week as Shibburn’s recent data revealed that more than 1.63 Billion SHIB tokens have been destroyed within the last 7 days. To be precise, a total of 1,633,542,121 SHIB tokens have been reported as “Burned” with 55 transactions last week.
In the last 7 days, there have been a total of 1,633,542,121 $SHIB tokens burned and 55 transactions. #shibarmy
— Shibburn (@shibburn) March 20, 2022
Three community-led burning initiatives including non-related and unofficial Shiba tokens ETH SHIBA and 1CENT prove to be the driving force in achieving a massive milestone. The third community-led burning initiative name is SHIB Super Store, formerly (Accomplished_Key), a developer of Brick Buster and Candy Trips, games available to play on Google Play Store.
On the first day of the past week i.e., Monday, March 14, 2022, the two non-related and unofficial Shiba Inu tokens ETH SHIB and 1CENT acclaimed that they have completed their first SHIB BURN EVENT by sending 400,068,259 (400M) and 327,564,569 (327M) SHIB tokens respectively to the dead wallet.
Both of these tokens claim that they will use 1% of all buy-side transaction fees to burn SHIB. However, readers should note that both these tokens have no official relation with Shiba Inu (SHIB) and are just two weeks old, seeming to take advantage of the already popular SHIB coin.
Following this massive burn of over 727 million SHIB tokens in just two transactions, another individual community-led burning initiative named SHIB Super Store organized SHIB Burn Event on March 17, through which they successfully sent 595,232,837 (595M) SHIB tokens worth $13,118 to the Null address.
SHIB Super Store uses different methods to burn SHIB. Their major source of revenue to burn SHIB tokens are two games named Bricks Buster and Candy Trips available to play on Google Play Store. Anyone can burn SHIB while playing these games on their mobile phones and contribute to their SHIB Burn.
Last 24 Hour Burns:
According to shib burn In the past 24 hours, there have been a total of 175,109,831 SHIB tokens burned and 87 transactions.
1 Billion Token Burn
This ongoing week is going to be another huge success as another non-related Shiba Inu token named “Shiba Burn” is going to organize a Burn Party event on 22nd March 2022. The token claims that they’re going to burn a whopping 1 billion tokens in just a single transaction during this party.
🔥OUR BURN PARTY UPDATE🔥
Yes you read it right 1 BILLION $SHIB being burnt by ShibaBurnToken
Our dev is also now doxxed!!!🙂#shiba #shibainu #SHIBABURNTOKEN @EconomicsTimes @analyticsinme @Utoday_en @cryptonews_eng @thecryptobasic @theshibdream pic.twitter.com/oYXqG0GZpq
— ShibaBurn-Token (@shibaburnerc20) March 16, 2022
At the time of writing, the Shiba Inu token is trading at the price of $0.00002274, down over 4% for the day with a 24-hour trading volume of $1,105,717,915 USD.