197M Shiba Inu Burnt In A Week, As Single Wallet Burns 85M

197M Shiba Inu Burnt In A Week, As Single Wallet Burns 85M

Altcoins

Shiba Inu Community sends millions of SHIB to the “inferno” addresses weekly.

Over 197.79 Million Shiba Inu (SHIB) burned in the past week. In one transaction, the mysterious wallet destroyed a massive 85,860,036 (85.86M) on the final day of the week.

Shibburn.com reported that Shiba Inu Community has executed 27 burn transactions in the past week and burned a total of 197,799,286 (197.79M) SHIB.

This large transaction caused the Shiba Inu burn rate to spike by 897.60% over the last day.

197M Shiba Inu Burnt In A Week, As Single Wallet Burns 85M

SHIB Burn Rate Soars 897%

SHIB Super Store, in their Weekly SHIB Burn Event on Monday, October 31st, 2022, permanently removed a total of 32,584,181 (32.58M) SHIB from circulation in one significant transaction using SHIB Burn Portal.

The Community-led initiative tagged “1Cent token” put a match to 22,432,755 (22.43M) SHIB in one noteworthy transaction. At press time, Shiba Inu is trading at the price of $0.00001203, down -2.09% over the last day, with a 24-hour trading volume of $415,921,120 ($415.92M).

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