Almost three billion SHIB have been burned over the past week, while less than half billion was burned since yesterday morning
Another substantial amount of SHIB has been wiped out over the past week and over the past 24 hours as well, according to crypto tracking service @shibburn.
2.6 billion SHIB gone in seven days
On Sunday, @shibburn published a tweet with data regarding the total amount of SHIB that had been burned since Monday, March 21. A comprised 2,604,802,620 Shiba Inu were destroyed.
The largest single transaction that moved SHIB to an “inferno” wallet took place on March 22, carrying a massive billion tokens.
Overall, at the start of last week, more than two billion meme tokens were destroyed within just two days.
300 million SHIB disappeared in 24 hours and more
The same Twitter account mentioned that in the last 24 hours and the next few hours, a total amount of 300 million SHIB was moved to dead end wallets. It 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
As reported by U.Today earlier, three companies are now planning to join the trend of burning SHIBs through NOWPayments. The aforementioned platform is currently testing a burning portal for SHIB and Doge Killer (LEASH). Italian burger chain Welly’s, fashion brand John Richmond and pizza chain Sorbillo will burn some of their SHIB profits through 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.
As of press time, the 15th largest cryptocurrency, Shiba Inu, is up nearly 7% in the past 24 hours and trading hands at $0.00002634.
