In the last 24 hours, the Shiba Inu Community has collaboratively eliminated 111,173,988 (equivalent to 111.17 million) SHIB from circulation via ten separate transactions.

The incineration of the SHIB tokens was spearheaded by three significant contributors: an enigmatic wallet, a wallet linked to Uniswap, and the famous SHIB Super Store.

Detailed Breakdown of Transactions

Approximately 19 hours ago from now, the obscure wallet conducted a single transaction, transferring a staggering amount of 46,877,110 (equivalent to 46.87 million) SHIB tokens to the dead wallet.

Shortly after, another wallet linked to Uniswap permanently eliminated an enormous amount of 43,564,865 (equivalent to 43.56 million) SHIB tokens from circulation through a single transaction.

Furthermore, the renowned “SHIB Super Store” has also taken a significant step amid these transactions. Using the SHIB Burn Portal, the Burn Project permanently eliminated 10,297,482 (equivalent to 10.29 million) SHIB tokens in a single transaction. As part of its Weekly Burn and Earn Event, SHIB Super Store rewarded the community by distributing 10 million SHIB tokens, demonstrating its dedication to the ecosystem.

As per a report, the recent SHIB token burn indicates a broader trend, with the Shiba Inu Community collectively destroying a remarkable 1,178,830,489 (1.17B) SHIB tokens via twenty-six separate transactions over the past week. Notably, a newly emerged token, Koyo (KOY), has set a new record by eliminating a whopping 1,104,224,812 (1.10B) SHIB tokens through a single transaction.

Despite the significant burn of SHIB tokens, the price of the Shiba Inu token has only increased by 0.76% in the past day. Currently, the token is trading at $0.00001113, with a 24-hour trading volume of $$177,432,149 ($177.43M).

Related also: Shiba Inu Largest Burn of the Year; Way to $0.01?