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SHIB Burn Rate Spikes 1498.29% As 47.16 Million SHIB Is Burned In The Last 24 Hours, The Total Weekly Burns Sits At 147.59 Million SHIB

Over the past week, the Shiba Inu community has sent a total of 147.59 million SHIB in the past seven days and 45.16 million SHIB in the past 24 hours into the dead wallet and the SHIB Burn Rate Spikes 1498.29%

A Total Of 147.59 Million SHIB Is Destroyed

Shibburn.com, the website that monitors the affair of the Shib burn, revealed that Community destroyed a total of 147,590,806 (147.59M) SHIB through 48 separate transactions in seven days.

Read Also: Shiba Inu’s Proponents Are Deeply In Love with The Token As They Vouch To Stick To It

Notably, the current figure is down by 62.71% from the burn volume of the past week when a massive 395,803,998 (395.80M) SHIB were sent into the dead wallet.

Furthermore, Shibburn.com noted that a total of 45,165,582 (45.16M) SHIB were destroyed by the Shiba Inu enthusiasts in just six separate transactions.

Read Also: A Total Of 3.21 Billion LUNC Is Burned Over The Past Week, 0.2% Parameter Removes A Total Of 168 Million LUNC From Circulation

SHIB Super Store Burns And SHIB Burn Rate Spikes 1498.29%

Also, the community-led initiative, SHIB Super Store, initiated a massive single burn which caused the Shib burn rate to spike 1498.29% over the last day.

Source: Shibburn.com

According to the SHIB Super Store’s Twitter handle, a whopping 37,843,644 (37.84M) SHIB to the “inferno” addresses.

Recently, the SHIB Burn rate spiked significantly with over 1900% as the community set on fire a total of over 56 million SHIB.

According to the website that tracks the amount of SHIB burned, Shibburn.com, Travis Johnson, the owner of the SHIB Super Store, set the majority of the SHIB on fire then while the community initiated the remaining burns.

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