October 1, 2023

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54M Shiba Inu Burned in Week, 23M Shib in 24 Hours

2 min read

Shiba Inu Token Burn Effects Lead to Decreased Supply Regularly.

23.4 Million Shiba Inu Tokens Were Burned in the Last 24 Hours.

Statistics Reveal 21 Million Coins Burned in Two Transactions Within One Hour

Weekly Burns

In the Last 7 Days, Over 54.93 Million Shiba Inu Tokens (SHIB) Were Eliminated. The Largest Weekly Burn Was Executed by the Community-Driven SHIB Burn Effort Known as ‘SHIB Super Store’ and an Unidentified Wallet on January 30th.

The Most Significant SHIB Burn of the Week Occurred on January 30th, as the Mysterious Wallet and the Community-Led ‘SHIB Super Store’ Initiative Combined to Send a Staggering 21,994,860 (21.99 Million) SHIB Tokens to the ‘Inferno’ Address. The ‘SHIB Super Store’ Incinerated 11,839,731 (11.83 Million) SHIB Tokens in Two Separate Transactions, while the Mysterious Wallet Contributed 10,155,129 (10.15 Million) SHIB Tokens to the Burn Effort.

Shiba Inu Continues to Grab Attention and Make Headlines Following the Recent Burn. The Canine-Inspired Cryptocurrency has Recently Regained its $8 Billion Market Capitalization, Overtaking Polkadot (DOT) to Become the 12th Largest Cryptocurrency in the World Based on Market Capitalization. Currently, Polkadot has a Market Capitalization of $7.64 Billion ($7,644,893,806).

Shiba Inu’s Remarkable Performance Can be Attributed to its 21.28% Increase Over the Past Week, Outperforming the Global Cryptocurrency Market.

Meanwhile, Shiba Inu is Making Significant Strides and Strengthening its Standing as a Key Player in the Cryptocurrency Market, Particularly with Regard to Adoption. Recently, Shiba Inu’s Use for Payments Has Reached a New Record High Through FCF Pay’s Virtual Debit Card Service. The Crypto Basic Has Reported This Significant Development, Which Comes a Day After FCF Pay Added Support for the BONE and LEASH Tokens in the Shiba Inu Ecosystem to its Virtual Debit Card Service.


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