Shiba Inu (SHIB) burns continue to occur on a daily and weekly basis. The meme coin community has removed 50,188,691 (50.18 million) SHIBs from circulation in two separate transactions in the past 24 hours.
A mysterious wallet and SHIB Super Store attracted attention with their burning events. Here are the details of the burning process.
Mysterious Wallet
First, a mysterious wallet burned 39,511,911 (39.51 million) SHIB about 20 hours ago. The unknown wallet was recorded as the wallet that made the biggest burn of the last 24 hours with this amount of meme coin sent to the dead wallet.
SHIB Super Store
A few hours after the aforementioned burning, SHIB Super Store held its weekly burning event. Travis Johnson, the producer of Shib burn games for smartphones, announced the details of the SHIB burning he carried out through his Twitter account “Shib Super Store”, which represents the online store. According to the tweet in question, this time the platform managed to lock 10,676,779 (10.67 million) SHIBs into a dead wallet.
In the post, it was also confirmed that the project distributed 10.2 million SHIB among the community as a reward.
Burn/Reward!
NEWS CONTINUES BELOW10.6M Burned
10.2M RewardedAround $185
Little short this week, Mon/Tues. CPM were garbage aside from Candy Trips, but it regained later in the week.
By the end of the week, I should be able to announce what I have been working on!
It will be a game changer. pic.twitter.com/oREJ94ke6q
— SHIB Super Store (@shib_superstore) May 21, 2023
These burning activities enabled the Shiba Inu burning rate to increase by 8627.82% compared to the last day. Only 575,043 meme coins were removed from circulation in a single transaction yesterday.
As previously reported by Koinfinans, the Shiba Inu community destroyed 3,054,599,199 (3.05 billion) SHIB in eight separate transactions last week.
You can follow the current price action here.
Source : the crypto basic