Recent data reveals that the community-led SHIB Burn initiative has successfully reduced the circulating supply of Shiba Inu, with 54 individual transactions, to 563.86 million Shiba Inu in the past seven days. In the last 24 hours, 53.66 million meme coins have been removed from circulation. Here are the details.
In the last 7 days, there have been a total of 563,864,006 $SHIB tokens burned and 54 transactions. #shibarmy
— Shibburn (@shibburn) October 2, 2022
Three community-led burning projects, including Shibburn.com, Travis Johnson’s SHIB Superstore, and 1Cent Token, burned a staggering amount of Shiba Inu last week. The data on the burning process of the three projects are as follows:
Shibburn.com Burned 257.49 Million SHIB in a Record Transaction:
The first private meme coin burning project called Shibburn.com, the shib burn tracker, sent 257,495,644 (257.49 million) SHIBs to a dead-unused wallet on Sept. 30 in a single transaction. This was the biggest burn of the week.
Travis Johnson’s SHIB Superstore:
Travis Johnson’s SHIB Superstore held its Weekly Burning Event on Sunday, October 2, and burned 40,108,730 (40.10 million) SHIBs in a single transaction using the SHIB Incinerator Portal.
At this event, Travis Johnson, owner of the SHIB Super Store, showed that he will remain diligent in his burn initiative, saying, “It’s a smaller-than-usual burn, but a good start for October.”
He also shared that since its inception last November, the incineration initiative has severely reduced the circulating supply of SHIB. SHIB Super Store has burned a total of 3,022,826,872 Shiba Inu so far. Moreover, he seems eager to destroy more of the Shiba Inu to achieve a 1 cent ($0.01) goal.
1Cent Token Weekly Burn Event:
1Cent, a Community focused token dedicated to SHIB Burn, managed to take the third place. The community-led incineration initiative held its Weekly Incineration Event on Monday, September 26, 2022. Thanks to this event, 1Cent sent a total of 17,049,151 (17.04 million) SHIBs to the dead wallet in one transaction.
The 1Cent Project has been showing its solidarity with the Shiba Inu Community since March 2022. Since then, 1Cent has removed a massive 3,303,399,791 SHIBs from circulation through multiple transactions.
Incineration in the Last 24 Hours
Shiba Inu Community burned 53,663,523 (53.66 million) SHIBs in seven separate transactions in the last 24 hours, in addition to the weekly burn transactions, Shibburn.com reported.
In the past 24 hours, there have been a total of 53,663,523 $SHIB tokens burned and 7 transactions. Visit https://t.co/t0eRMnyZel to view the overall total of #SHIB tokens burned, circulating supply, and more. #shibarmy
— Shibburn (@shibburn) October 3, 2022
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