65M Shiba Inu Burnt In a Day; Burn Rate Up 4500%

In the last 24 hours, the Shiba Inu Community has done 13 burn transactions to remove 64,881,158 (64.88M) SHIB from circulation permanently.

In the past 24 hours, there have been a total of 64,881,158 $SHIB tokens burned and 13 transactions. Visit https://t.co/t0eRMnyZel to view the overall total of #SHIB tokens burned, circulating supply, and more. #shibarmy
— Shibburn (@shibburn) November 29, 2022

The “SHIB Super Store,” a Travis Johnson-led SHIB Burn project, recently declared that it had carried out the largest Weekly SHIB Burn since September by using the SHIB Burn Portal to send a staggering 28,539,501 (28.53M) SHIB to the dead wallet.

Burn!

28.5M Burned
28.4M Rewarded

Total of $515, which is our biggest weekly total in nearly 2 months!

Join the Discord to receive weekly rewards!

All links are listed at https://t.co/d0goxr70o0

I have some time coming up to update the website and work on some SHIB things! pic.twitter.com/S7ScakCbAq
— SHIB Super Store (@shib_superstore) November 28, 2022

Through its recently launched “Burn and Earn” initiative, the individual SHIB Burn Project additionally handed over 28.40 million SHIB to the Community as a prize.

The huge SHIB Burn Event caused Shiba Inu’s burn rate to increase by 4497.73% the previous day.

Shiba Inu Burn Rate Skyrockets 4497.73 Percent in the Past 24 Hours

Shiba Inu is becoming increasingly scarce, and as a result, they are becoming more widely used in society.

Fidelity Investments, a financial services corporation headquartered in the United States, makes a possible SHIB listing indication.

The platform only supports the two most popular cryptocurrencies, Bitcoin (BTC) and Ethereum, at the moment. It recently announced commission-free cryptocurrency trading services for retail traders (ETH).

Shiba Inu recovers and is currently trading in the black. Shiba Inu has a 24-hour trading volume of $137,049,468 ($137.04M) and is currently trading at $0.000009239, up 1.82% from the previous day.