SHIB Community Burns 1 Billion Shiba Inu Coins In A Week

Shiba Inu aficionados have burned 57.30 million Shiba Inu (SHIB) tokens over the past 24 hours and 1.21 billion over the course of a week, significantly reducing the circulating supply of the most widely used canine-themed cryptocurrency.

A Weekly Burn Figure for Shiba Inu was been made available via the SHIB Burn tracking platform.

Shib Community destroyed 1,214,431,010 (1.21B) SHIB in the last 7 days, totaling $14,427 in 121 transactions.

On July 18, Shibarmy burnt more over one billion coins, which was the last time the weekly burn exceeded one billion.

While Travis Johnson's SHIB Super Store and 1Cent token are two of the other notable SHIB Burners projects of the week, the recently launched ShibaBae Token burnt the most Shiba Inu in the previous seven days.

The Community-led Burn Initiative delivered a total of 160,549,026 (160.54M) SHIB to the "inferno" addresses in one large transaction on Saturday, August 27.

ShibaBae, the recently created BEP20 token focused on developing burn mechanisms for SHIB, was named the top SHIB Burner of the week.

On Monday, August 22nd, 1Cent, a token dedicated to burning Shiba Inu, had its weekly burn event. The Community-led Burn Initiative burned 40,000,000 (40M) SHIB in one conspicuous act through this event.

Travis Johnson's SHIB Super Store conducted its weekly burn event on Sunday, August 28. It utilised the SHIB Burn Portal to permanently remove 46,064,765 (46.06M) SHIB from circulation in a single large transaction.