Shiba Inu (SHIB) Burning continues daily and weekly. The meme coin community has removed 25,767,627 (25.7 million) SHIBs from circulation in nine separate transactions in the past 24 hours. According to the data, the community has burned 1.07 billion Shiba Inu in the last seven days.
On the other hand, the biggest contribution to this burn came from the community-led initiative called “SHIB Super Store”. Representing the online store of Travis Johnson, the maker of Shib burn games for smartphones, the “Shib Super Store” announced its weekly SHIB burn share via its Twitter account. During its 52nd weekly burn event, the project sent 9,506,057 (9.50 million) meme coins to the dead wallet in a single transaction 13 hours before press time.
In addition, the SHIB Super Store project rewarded the community by distributing 9.40 million Shiba Inu (SHIB) among its members. This move is expected to help boost community morale and encourage more participation in similar events in the future.
Burn/Reward
NEWS CONTINUES BELOWJust like clockwork, another Sunday burn!
This is my 52nd consecutive burn!
NEWS CONTINUES BELOW9.5M Burned
9.4M RewardedTotal of about $201
We keep staying in that range of $200 – $210 every single week, let’s see if we can beat that!
All ways to burn here https://t.co/d0goxr6sys pic.twitter.com/Biwfcp3Qps
— SHIB Super Store (@shib_superstore) April 3, 2023
This project has been continuously contributing to Shiba Inu (SHIB) burns since November 2021. The individual project removed 3,486,315,765 (3.48 billion) SHIB from circulation through multiple transactions. Additionally, it has awarded the community 314,014,945 (314.01 million) so far through the Burn and Win Program.
Against the amount burned in the last 24 hours, the overall burn rate of the Shiba Inu (SHIB) has increased by 16% compared to the previous day.
You can check the price movements here.
Source : the crypto basic