Over a billion Shiba Inu have been removed over the past 24+ hours per a recent report, 283 million gone during a regular burn party
According to data shared recently by @shibburn, in the past 24+ hours over 1 billion Shiba Inu chips have been burned. Over the past few hours, almost 4 times more SHIBs have been burned than since yesterday morning.
On May 15, almost 300 million Shiba were removed from circulation during a regular burn event.
1.075 billion SHIB gone
Shibburn reported that since Monday morning a total of 272,558,058 SHIBs have been burned. After that, other transactions moving SHIB to dead wallets took place.
Among them were stashes, each burned within a single hour, that contained 593,261,563 and 209,610,670 Shiba Inu.
All of these coins have been transferred to wallets from where they cannot be spent or withdrawn, so “burning” is just a metaphor. This helps reduce the amount of SHIB in circulation and attempts to help its price increase in the future when the coin becomes much rarer than it is today.
Burn event removes 283 million SHIB, some Shiba bought on the dip
@shib_superstore Twitter account, which runs a shop selling mobile games of its own development and SHIB-branded goods, has announced that during a regular burn event on May 15, they managed to annihilate 283 million Shiba Inu.
The store buys SHIB with part of the profits from in-game advertising and merchandise sales. Overall, since last year, they have destroyed 1,981,210,929 meme tokens.
The owner of the account tweeted that he had bought some Shiba on the dip, so the burn was not as big as it could have been.
