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Friday, June 9, 2023

Nearly 104 Million SHIB Token Burned in Past Week

SHIB army took 58 transactions to remove 104 million tokens from the circulation

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According to the ShibBurn, service that tracks SHIB burn transactions, revealed that a massive amount of SHIB nearly 104 million has been sent to the dead wallet addresses over the past seven hours.


In the recent tweet by shibburn, shared that in the past one week, the Shiba Inu army have transferred a total of 103,898,038 to several unspendable wallets, moving those coins out of the currently circulating SHIB supply.

The SHIB army took 58 transactions to remove 104 million tokens from the circulation. The second most biggest meme crypto by market cap after Dogecoin.

In the past 24 hours, more than 12 million SHIB tokens has been burned and removed from the circulation. The SHIB army keeps destroying tokens in comprised attempts to reduce the coin’s supply, make the coin scarce and push the price up.

As per the shibburn.com, there are 549,459,795,506,970 SHIB tokens circulating out there and the Shiba Inu burn rate has been 4% up. A total of 410,303,816,694,048 SHIB tokens were removed from the total coin supply.

At the time of writing, the coin rank 15 in the global cryptocurrency market, currently trading at $0.00002257 according to the CoinMarketCap data.


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