SHIB community has burned roughly 150 million tokens, including 40 million destroyed by platform that burns SHIB via Amazon
The SHIB army continues to remove the meme token from circulation in an effort to significantly increase the price of SHIB in the long run. Another massive eavesdrop has been lit in the past 24 hours with the involvement of a platform that does a part of its burning through an Amazon affiliate program.
Another 150 million SHIB gone
SHIB-focused platform Shibburn, which collects on-chain data on Shiba Inu burns from Etherscan and burns meme tokens itself on a regular basis, has reported that over the past 24 hours, a total of 149,629,741 SHIB have been sent to unspendable wallets on the Ethereum chain.
By burning this amount of Shiba Inu, 28 transactions were made by various platforms and individuals.
Over the past week overall, according to an earlier tweet from this platform’s account, 711,465,891 SHIB were locked in dead-end wallets. This comprises $11,134 in fiat. Between Saturday and Sunday this weekend, an impressive chunk of 292,259,359 meme tokens were removed from the supply in circulation.
40 Million SHIB Burned by “Amazon Burner”
The @shib_superstore Twitter account that represents game dev Travis Johnson shared that, on Sunday, it burned a total of 39,555,189 Shiba Inu.
The main feature of this burn business is that it offers its customers a referral link on Amazon, which provides the SHIB-branded online store with some extra income with which to buy SHIB that will later be burned.
SHIB. after the whales
As previously reported by U.Today, over the weekend, the top 100 whales on the Ethereum chain acquired a total of $57 million in SHIB, adding those tokens to their active wallets.
At press time, these wallets contain $186,350,222 in Shiba Inu in total. According to data from WhaleStats, they have sold around $16 million worth of SHIB as, earlier today, they held over $202 million of this meme cryptocurrency.