Over 305M Shiba Inu Burned in a Week, 19M+ in the Past 24 Hours

Over 305.77 Million Shiba Inu (SHIB) burned in the Past Week, 19.17 Million in the Past 24 Hours

Shiba Inu has witnessed a significant drop in its burn rate over the past week. According to a recent report released by Shibburn.com, Shiba Inu Community has collectively managed to destroy a total of 305,775,533 (305.77M) SHIB through multiple transactions in the past week.

HOURLY SHIB UPDATE$SHIB Price: $0.00001032 (1hr 0.17% ▲ | 24hr -2.70% ▼ )
Market Cap: $6,073,361,988 (-2.82% ▼)
Total Supply: 589,366,770,753,397

TOKENS BURNT
Past 24Hrs: 19,175,360 (103.99% ▲)
Past 7 Days: 305,775,533 (-90.11% ▼)

— Shibburn (@shibburn) April 22, 2023

This represents a 90.11% decrease compared to the past week when a staggering 1,915,379,282 (1.91B) SHIB were removed from circulation forever through fifty separate transactions.

The impressive burning activity of the week was noticed on April 21. On that day, the unknown wallet sent a whopping 15,575,349 (15.57M) SHIB to the dead wallet through two distinct transactions.

Past 24 Hours Burn:

Shiba Inu Community has set fire to a staggering 19,175,360 (19.17M) SHIB through four separate transactions in the past 24 hours. This represents a 103.99% increase from the previous day when only 9,400,010 (9.40M) SHIB tokens were incinerated in three distinct transactions.

Shiba Inu Claims #1 Spot on CoinSwitch’s Most Traded Crypto List:

On the other hand, Shiba Inu emerges as the top traded cryptocurrency on CoinSwitch, India’s largest crypto app.

CoinSwitch recently shared a list of the top 5 most traded coins of the week, with Shiba Inu claiming the top spot. The impressive feat was achieved by surpassing established giants like Bitcoin (BTC) and Ethereum (ETH) and even beating out its fellow meme-inspired competitor Dogecoin (DOGE).

Certik Applauds Shiba Inu’s Evolution:

Moreover, Certik, a well-known blockchain security company has acknowledged the remarkable evolution of Shiba Inu from a meme token to a thriving decentralized ecosystem, in its latest edition of Project Scoop. The platform also has given Shiba Inu an exceptional security score of 94.30, making it one of the most secure blockchain projects in the market.

Source