Over 600 Million Shiba Inu (SHIB) Burnt Within 24 Hours By This Community-Led Burn Initiative

Over 600 Million Shiba Inu (SHIB) Burnt Within 24 Hours By This Community-Led Burn Initiative


Over 600 million Shiba Inu (SHIB) tokens have been taken out of circulation forever in the last 24 hours. SHIB Super Store appears to be the main contributor behind this massive burn as they destroyed over 595 million coins. (99% of the total amount burned in the previous 24 hours)

As per a recent tweet from Shibburn.com, 600,729,245 (600M) SHIB tokens have been taken out of circulation forever by the community-lead burning initiatives in 5 transactions. The burn rate is above 1882.09% in the last 24 hours.

SHIB Super Store appears to be the major contributor behind this massive burn. SHIB Super Store, formerly Accomplished_Key, a developer of Bricks Buster and Candy Trips, recently revealed via a tweet that he has successfully taken out over 595 million coins from circulation forever.

Looking into Etherscan it is confirmed that SHIB Super Store successfully sent  595,232,837 shib coins worth $13,118 to the Null address.

On Wednesday, they purchased 595,729,782 SHIB tokens for burning purposes and officially shared the figure with his followers and a screenshot as proof of purchase. Including this burn, the project has reportedly burnt 1.37 billion tokens since its inception.

This week seems to be massive in terms of Shiba Inu token burns as on Monday, two non-related and unofficial SHIB tokens named ETH SHIBA, and 1CENT acclaimed that they have sent over 727 million SHIB tokens to the dead wallet. A total of 742,702,200 SHIB tokens were destroyed bu the tokens mentioned above, raising the burn rate to a whopping 6793.39% for the day.

Looking towards the demand side, yesterday, a gigantic Ethereum whale purchased whopping 271 billion Shiba Inu (SHIB) tokens worth $6.08 million, as per data provided by WhaleStats.

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Original Source : thecryptobasic.com

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