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150 Million Shiba inu Burnt In One Hour As Shib Burn Portal Total Reaches 60 Billion Since Launch


thecryptobasic.com 30 July 2022 11:54, UTC
Reading time: ~2 m

Shiba Inu’s official SHIB Burn Portal achieves a major milestone of burning 60 billion SHIB tokens in three months.

Shiba Inu Community is cheering as they have burned a total of 60,059,414,306 (60.05B) Shiba Inu, worth $748,340 (as of current price) through thousand of separate transactions in the past three months.

60B shiba inu Burnt
60B shiba inu Burnt

According to recent reports, the Shiba Inu Community is continuously sending millions of Shiba Inu tokens to “inferno” addresses every hour. Shibburn.com recently reported via tweet that a total of 155,353,699 (155.35M) SHIB tokens were incinerated through three separate transactions using the official SHIB Burn Portal in the past one hour.

In the past hour, there have been a total of 155,353,699 $SHIB tokens burned and 3 transactions. #shibarmy

— Shibburn (@shibburn) July 30, 2022

Launched in April, SHIB Burn Portal was developed in collaboration with Ryoshi Vision with the aim to encourage SHIB Burns while paying rewards to Shiba Holders.

At the time of writing, the price of Shiba Inu is trading at the price of $0.00001248, up more than 4.73% over the last day, with a 24-hour trading volume of $547,746,477 ($547.74M).

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