1.49 Billion Shiba Inu Burnt Within 7 Days, While Top SHIB Burner Quits

1.49 Billion Shiba Inu Burnt Within 7 Days, While Top SHIB Burner Quits

Over 1.49 billion Shiba Inu (SHIB) tokens were burnt within the last 7 days and over 39.83 million during the last 24 hours.

Shibburn.com recently reported 96 transactions towards the dead wallet during the last week, through which 1,496,133,933 (1.49B) dog-themed tokens have been taken out of circulation forever by community-led burning initiatives.

As per data provided by Shibburn.com, a total of 410,309,754,974,180 (410.30T) Shiba Inu has been taken out of circulation forever from the initial supply of 1 quadrillion tokens. Whereas 39,485,816,187,831 (39.48B) of SHIB has been staked by holders on ShibaSwap. In this way, the current circulating supply of SHIB comes out to be 550,204,428,837,988 (550.20T) tokens.

Bigger Entertainment Quit Supporting SHIB and Burn:

Besides this massive burning, Steven Cooper, an owner of Bigger Entertainment has declared that he is no more going to help SHIB burning. The reason is however not clearly defined but according to Steven Cooper, he is not feeling satisfied with the recent developments. For him, the main focus of shib development team should be SHIB burn.

Bigger Entertainment has begun its SHIB burning campaigns last October 2021. Since then, the music company was able to burn over 1.5 billion SHIB.

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