In the last 24 hours, the SHIB burn rate has increased as approximately 65 million meme coins have been mined from the circulating supply. About half of the SHIBs burned during this time were burned by the “Shib Super Store” platform, which uses an Amazon affiliate program.
66 million meme coins removed from circulation
According to Shibburn, since the morning of December 19, the combined efforts of the Shib community have helped reduce the circulating supply of SHIB by 66,065,238 meme coins. This represents an increase of over 111% from the approximately 30 million SHIB burned the day before. The two largest amounts removed from circulation were 32,314,923 and 21,537,303 Shiba Inu transfers.
Great contribution of “Amazon burner”
The “Shib Super Store”, led by Travis Johnson, was able to destroy about half the amount of SHIB in question. Thanks to the community’s effort, a total of 32,314,923 SHIBs have now been removed from circulation. Earlier this year, Johnson announced that he had started using an affiliate program at Amazon. All commission fees from the sale are used to buy the Shiba Inu and then burn it.
Burn!
Finally, thanks for all your patience, I still am not 100%, maybe only like 50% this sickness has been bad.
32M Burned
34M Rewarded (I had 2M extra from previous cycles)Next burn is Christmas, let’s make it a good one!https://t.co/d0goxr6sys
I’m going back to bed pic.twitter.com/dTYZJnm2rR
— SHIB Super Store (@shib_superstore) December 19, 2022
New Investors
On the other hand, the number of current owners of the world’s most popular meme coin rose 0.017% to 1,267,070 (1.26 million) compared to the last day. Koinfinans.com As we reported, the Shiba Inu’s Community continues to grow, according to the data. According to data provided by Etherscan.io, a total of 10,410 new people have joined the Shiba Inu Community in the last two weeks alone.
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Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.