shiba inu Burning activity was quite low in November despite the efforts of multiple community members. Earlier today, Shibburn reported that the Shiba Inu community burned approximately 666,903,322 (666.90 million) SHIBs in November. reported. This burn was done through 149 transactions.
🔥🔥🔥 666,903,322 $SHIB tokens have been burned in the month of November with 149 transactions. #shib #shibarmy
— Shibburn (@shibburn) December 1, 2022
In October, 881.73 million meme coins were removed from circulation in 176 separate transactions. Compared to November, October’s burn rate was significantly higher. In September, 1,743,878,414 SHIBs were removed from circulation with 382 transactions. The amount of incineration has dropped significantly in recent months.
Biggest Meme Coin Burns of the Month
Koinfinans.com As we have reported, Shibburn.com was the portal that made the biggest burn of November. This particular SHIB Incineration Project removed 127,821,443 (127.82 million) SHIBs from circulation in one major transaction. It is reported that the burning process took place on November 22, 2022.
After Shibburn.com, the project that made the biggest improvement was SHIB Super Store. An individual SHIB Incineration Project led by Travis Johnson has held four weekly incineration events in the past 30 days. Using the SHIB Burn Portal, 105,230,377 (105.23 million) meme coins were burned in 4 separate transactions.
1Cent token, on the other hand, was the last project to realize the third biggest burning event of November. The project has sent 51,658,319 (51.65 million) SHIB to dead wallets in four transactions in the last 30 days.
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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.