The Shib burn records over time have been encouraging and this is a clear indication that the SHIB Army are still in the kitchen conducting burning to manage the Shiba Inu price by controlling the amount in the supply.
Shiba Inu has once again recovered its nearly two-month record of over 1 billion weekly burns as a total of 57.30 Million Shiba Inu (SHIB) tokens in the Past 24 Hours, 1.21 Billion in a Week.
Over 57 million were Burnt In The Past 24 hours
According to the Shibburn Twitter handle, over 57 million SHIB tokens have been sent into a dead wallet in 7 separate transactions in the past 24 hours via the SHIB Burn portal.
Shib weekly Burn Crosses 1 Billion Like July 18th Record
As stated on the Shibburn Twitter handle, a total of 1,214,431,010 (1.21B) SHIB worth $14,427 has been incinerated in 121 transactions over the past 7 days.
ShibaBae Conducted The Greatest Percentage Of The Burn
It is worth noting that the newly emerged ShibaBae Token conducted the greatest percentage of SHIB Burn in the past week while Travis Johnson’s SHIB Super Store and 1Cent token are among the other prominent SHIB Burners project of the week.
On 27th August 2022, ShibaBae, the newly released BEP20 token aimed at building burn mechanisms for SHIB, turned to lead SHIB Burner as it sent a total of 160,549,026 SHIB into a dead wallet in a single transaction.
Travis Johnson’s And 1CENT’s Weekly Burn Event
On Sunday, August 28th, 2022, Travis Johnson’s SHIB Super store conducted its weekly Burn Event and 46,064,765 SHIB was incinerated in a single transaction in the course.
Also, 1CENT, a token dedicated to increasing Shiba Inu, organized its weekly Burn Event on 22nd August 2022, and a total of 40 million SHIB in one transaction was sent into the dead wallet.