Burns Continue Unabated in These 2 Meme Coins!

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  • The community of Shiba Inu (SHIB), one of the most popular cryptocurrencies in the world, does not back down on SHIB coin burns.

A tracking platform that actively burns SHIB and can track the amount of SHIB tokens burned by the Shiba Inu community. @shibburn According to the data shared by; More than 83.33 million in the last 24 hours and 1.26 billion in the last 7 days Shiba Inu (SHIB) permanently removed from circulation. 801 by one of the community-led incineration projects Bone ShibaSwap (BONE) was burned.

As stated by Koinfinans.com, data from the Shib token burn tracking platform shows that 1.26 billion (1,269,177,837) Shiba Inu tokens were burned in 95 separate transactions last week.

1CENT Token, one of the communities dedicated to burning SHIB, has also removed 801 Bone, the management token of the Shiba Inu ecosystem, from circulation forever.

Among the leading SHIB burners, 1Cent Token burned the most dog-themed cryptocurrency in a week, while Travis Johnson’s SHIB Superstore was the second largest Shiba Inu burning community.

1CENT weekly burning event:

1CENT, a major SHIB token burner project, has made the most significant burns in the last 7 days as it sent 184.49 million SHIB and 801 BONE to a dead wallet in two separate transactions.

It held its Weekly Burn on June 14 (Tuesday), as a result of which 1Cent removed a total of 184,495,831 (184.49 million) SHIB tokens from circulation in a sizable transaction. At the same time, the project took another noteworthy action, destroying a total of 801 Bones.

1Cent was the only project to burn not only SHIB but also BONE. So far, the project has permanently removed 43,560 BONEs from circulation.

Travis Johnson’s Superstore weekly burn event:

On Sunday, Travis Johnson’s SHIB Super Store said in a statement on official Twitter; reported that, with the help of the individual project and SHIB Burn Portal, it destroyed 70,276,169 (70.27M) SHIB tokens worth $572 in one significant transaction.

After the burn, the company also shared screenshots with the community and a transaction link as “Proof of Burn”.

Last 24 Hours Burn

According to Shibburn.com reports, a total of 83,335,225 (83.33M) SHIB tokens have been destroyed in 9 separate transactions over the past 24 hours, alongside the weekly burns.

Travis Johnson’s SHIB Superstore has conducted today’s largest one-shot burn of 70.27 million Shiba Inu tokens.

Whales in motion

According to WhaleStats data, the Shiba Inu is currently the largest held crypto asset for the top 100 Ethereum whales after USDC, while Ethereum (ETH) holds the number one spot. According to data provided by the blockchain data tracker, the 100 largest ETH whales currently hold Shiba Inu worth $423,180,380. This accounts for 15.55% of the assets of these huge wallets.

According to WhaleStats data, the number of Shiba Inu holders has grown tremendously in recent months, reaching 1,184,559 at the time of writing.

The Shiba Inu dropped to $0.0000071 on June 18 amid the recent dips in the crypto market. At the time of writing, the SHIB token is trading at $0.00000815, up about 4%.

You can check the price movements here.

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.


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