In The Last 7 Days, 2.6 billion Shiba Inus Have Burn, With 300 Million Of Them Dying In Less Than 24 Hours

According to the @shibburn crypto tracking service, a significant amount of Shiba Inus has been sold in the last week and in the last 24 hours.

In just seven days, 2.6 billion Shiba Inus were gone

@shibburn tweeted on Sunday with information about the total amount of Shiba Inus that had been burned since Monday, March 21. A total of 2,604,802,620 Shiba Inu were wiped out.

On March 22, the largest single transaction to relocate SHIB to a “inferno” wallet took place, involving 1 billion tokens.

More than two billion meme tokens were destroyed in just two days at the start of last week.

300 million Shiba Inus gone in 24+ hours

The same Twitter account mentioned that over the past 24 hours and a few hours that followed, a total amount of 300 million SHIB was moved to dead-end wallets. That took 191 transactions.

Nearly all of it was burned within just one hour earlier today: 290,590,004 meme tokens.

Three companies plan to burn SHIB

Three businesses now plan to join the SHIB burning trend via NOWPayments. The aforementioned platform is currently testing a burning portal for SHIB and Doge Killer (LEASH). Italian burger chain Welly’s, John Richmond fashion brand and Sorbillo’s pizza chain are going to burn part of their SHIB profits via NOWPayments.

The goal of sending these meme tokens to unspendable addresses is to try to make this canine coin more scarce and, thus, push the price up significantly.

At press time, the 15th largest cryptocurrency, Shiba Inu, is showing an almost 7% rise over the past 24 hours and is exchanging hands at $0.00002634.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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