18M Shiba Inu Burnt in 24 Hours, 90M In a Week

Shiba Inu: New Whale Wallet Grabs 136.86 Billion SHIB as Price Drops Zero

In the previous week, almost 90 million Shiba Inu (SHIB) were permanently removed from circulation, 18.41 million in the past 24 hours, and 10 million in a single transaction.

Weekly Burns

During the past week, 44 transactions by the Shiba Inu Community destroyed 90,061,737 (90.06M) SHIB.

Read article: Shiba Inu (SHIB) Would Now Be Held Natively on Internet Computer

The two most prominent community-led SHIB Burn activities, “SHIB Super Store” and “1Cent Ecosystem,” are among the week’s top Shiba Inu Burners.

SHIB Super Store

Most Shiba Inu tokens burned over the past week were from SHIB Super Store. SHIB Super Store held its weekly “Burn and Earn” event as scheduled on December 5. The initiative used SHIB Burn Portal to send a stunning 19,862,288 (19.86M) SHIB to the “inferno” addresses in one significant transaction during this event.

Read: Whales Have Moved 5.7 Trillion Shiba Inu (SHIB) in the Last 24 Hours

1Cent Ecosystem

The “Top SHIB Burning Projects of the Week” list places 1Cent Ecosystem at number two. On December 6, 2022, 1Cent Ecosystem hosted its Weekly SHIB Burn Event. Through this event, 3,909,602 (3.90M) SHIB and 45 Bone ShibaSwap, the governance token of the Shiba Inu Ecosystem, were matched in two different transactions by 1Cent Ecosystem.

Past 24 Hours Burn

Statistics show that Shiba Inu Community has burned 18,415,087 (18.41M) SHIB in total through 11 different transactions.

Anonymous Wallet

The unidentified wallet is the source of the majority of those eleven transactions. Etherscan.io claims that the mysterious wallet made a massive 10,000,000 (10M) SHIB transfer to the dead wallet in a single big transaction that took place roughly 15 hours earlier to the publication of this article.

With a 24-hour trading volume of $130,970,025 ($130.97M), the price of SHIB fell -4.41% over the previous day to $0.00000881. This suggests that investors are unimpressed by the enormous Shiba Inu burn.

Disclaimer: The information in this article should not be considered financial advice, and FXCryptoNews articles are intended only to provide educational and general information. Please consult with a financial advisor before making any investment decisions.

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