Friday, October 7

22.2 Billion SHIB Burned Within Week, 667 Million Removed in 24 Hours

As stated by the SHIB burn tracker, more than 22 billion canine tokens have been taken out of circulation over the past week. Besides, more than half a billion Shiba were burnt within the last 24 hours.

During this time, Shiba added almost 10% today.

Read Also: SHIB Price Hints at Incoming Volatility, Holders Spike by Almost 20,000

22.8 billion SHIB locked in dead-end wallets within seven days

Crypto burn tracker @Shibburn has reported that over the past week, multiple initiatives within the Shiba Inu fan community have eliminated a total of 22,200,398,699 meme tokens. Despite the mind-blowing figure, in USD this amount of SHIB is worth $279,281.

It took nearly 500 transactions to move this amount of SHIB to dead-end wallets, where they were locked permanently.

Shibburn also spread the word on Twitter that over the last 24 hours, more than 667.2 million Shiba Inu tokens have been burnt by a series of businesses and individuals from the SHIB army. The burn rate has spiked by almost 41% compared to the initial one.

mage via Shibburn

Very early today, SHIB bounced almost 10%, printing two green candles on the chart.

SHIB adds 20,000 holders

Despite showing an over 86% drop below the all-time high of $0.00008 reached in October last year, the second most popular meme coin has added a large number of holders since May this year.

Back in April, its number of holders comprised 1,139,000, whereas now it totals 1,167,079.

Fresh global adoptions of SHIB

various businesses have started accepting Shiba Inu along with other cryptocurrencies recently. Among them, as covered by U.Today last week, is the producer of elite Swiss watches Tag Heuer.

Read Also: Ethereum Testnet, Ropsten to Face Consolidation(transition from proof-of-work to a proof-of-stake network) in Early June

Apart from that, SHIB will be given support to thousands of restaurants in more than 60 countries globally thanks to a partnership between Lavu and Verifone, two payment solutions providers, the former working particularly with restaurants.

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