Over 191.51 million Shiba Inu (SHIB) burnt within the past 24 hours and 1.10 billion in the past 7 days. 1,159 Bone ShibaSwap (BONE) has also been destroyed by one of the Community-led Burning Projects. According to the data from the tracking platform Shibburn, in the past week over 1.10 Billion tokens of the dog-inspired cryptocurrency Shiba Inu (SHIB) have been permanently moved out of circulation with nearly 97 separate transactions.
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1CENT, one of the tokens dedicated to burning SHIB, has also destroyed 1,159 Bone ShibaSwap (BONE), the governance token of the Shiba Inu ecosystem. Eth SHIBA and 1 Cent token are among the prominent SHIB contributors of the week, while Travis Johnson’s SHIB Burn Games has postponed its weekly Burn Event till Monday. As stated by the late tweet from Shibaburn.com, the Shiba Inu ecosystem has burned a whopping total of 1,102,774,392 (1.10B) SHIB tokens in the last seven days through 97 separate transactions.
Amidst the significant SHIB Burners, ETH SHIBA burns the most Shiba Inu tokens in a week, whereas 1 CENT was the second big Inu Burner. ETH SHIBA Burn Event:
One of the tokens dedicated to burning Shiba Inu, ETH SHIBA, has organized its first-ever SHIB Burn Party through the SHIB Burn Portal. ETH SHIBA destroyed 150 million Shiba Inu through this event, worth $1,632 in one significant transaction.
The team shared “Proof of Burn” in the shape of an Etherscan transaction.
ETH SHIBA is a three-month-old project, since it began in March, the token claims to burn over 2.35 billion Shiba Inu tokens.
1CENT Weekly BURN EVENT:
1Cent, the only token dedicated to burning the other two of the tokens of the Shiba Inu ecosystem, i.e., SHIB and BONE, organized its Weekly Burn Event on May 30th (Monday). Via this event, 1 CENT token has eliminated a total of 64,561,218 (64.45M) SHIB, worth only $786.75, from circulation forever in one significant transaction.
At the same time, the project carried out another transaction and destroyed a total of 1,159 Bone ShibaSwap (BONE), the governance token of the Shiba Inu ecosystem. The team behind the project has shown the two distinct transaction links for SHIB and BONE as a “Proof of Burn” with the community.
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shortly after organizing the weekly BURN EVENT, the team also updated the total number of Burn SHIB tokens and BONE on its official website. The project claims to burn a whopping total of 2,225,768,297 (2.22B) SHIB through 12 separate transactions since March 14th, 2022.
1Cent is the only project that burns not only SHIB but also BONE. The team burnt BONE for the first time on April 25th, 2022. Since then, 1CENT has taken out 41,704 BONE tokens from circulation forever through 5 separate transactions.
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Postponement of Travis Johnson’s SHIB Burn Games Weekly Burn Event:
Travis Johnson’s SHIB Burn Games announced that the weekly Burn Event scheduled this Sunday had been postponed till the following day, as it has to face some unexpected technical issues with SHIB Burn. The individual SHIB Burning project shows to Burn $647.88 worth of Shiba Inu on a coming day.
Past 24 Hour Burn:
Asides from the weekly burns, a total of 191,510,171 (191.51M) SHIB tokens have been sent to the dead wallet by Shiba Inu Community through 14 separate transactions in the last 24 hours.
Reward Updates Leash Lock
Earlier today, Shiba Inu Metaverse brought updates regarding the reward distributions for using the LEASH LOCKER feature in the SHIB – The Metaverse platform (shib.io), and why those who locked have yet to see any rewards becoming available.
[…] This is identified as the project’s second massive SHIB Burn transaction in the last 7 days. Formerly on June 5th, ETH SHIBA destroyed 150 million Shiba Inu, worth $1,632 through one transaction. […]