More Than 258 Million SHIBs Burnt in the Past 24 Hours

According to data from Shibburn.com, 258,294,131 (258.29M) SHIB tokens have been burned through 11 separate transactions by community burning parties and developer built burning mechanisms in the last 24 hours.

In the past 24 hours, there have been a total of 258,294,131 $SHIB tokens burned and 11 transactions. Visit https://t.co/t0eRMnyZel to view the overall total of #SHIB tokens burned, circulating supply, and more. #shibarmy
— Shibburn (@shibburn) April 12, 2022

In addition, 1Cent and ScareCrow (SHIB Protector) continued to contribute the largest share and appeared to be the top SHIB burner of the day.

1Cent Burn Event

1Cent has organised a burn party for the 5th consecutive month on 11th April 2022 and burned a total of 145,686,435 (145.68M) in one transaction yesterday. The project “1Cent” has taken out a whopping 1,311,802,045 (1.31B) SHIB from circulation within one month and four days.

I am pleased to announce the 5th burn 145,686,435 million SHIB burned in 1 month 4 days, a total of 1,311,802,045 shib 🚀🚀🚀 let's go for More the more shibarmy the more BURN 🔥 @DiarioCripto @Shibtoken @SHIBQueenie https://t.co/1Ml7BSjfgw pic.twitter.com/lvGSBZ8hPb
— 1Cent (@1Cent_token) April 11, 2022

ScareCrow (SHIB Protector) Auto-Burn Mechanism

ScareCrow (SHIB Protector) burned 104,563,610 (104.56M) through 4 separate transactions, using its unique auto-burn feature, according to data provided by Shibburn.com.

SHIB Protector automatically uses the taxed amount to buy SHIB and burns whenever someone buys or sells tokens. Within four weeks, this unique auto-burning mechanism sent over two billion SHIB out of circulation.

Renaming of Shiboshi

Renaming of Shiboshi, a developer-built SHIB burning mechanism, also burned 3,765,784 (3.76M) SHIB through 2 separate transactions.

Today’s SHIB Price

Shiba Inu is currently trading at the price of $0.00002278, down -6.38% over the last day. The 24-hour trading volume for the popular memecoin dipped over 19% compared to the previous day and currently stands at $760,451,145.35 ($760.45M).

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.