This Platform Says That In The Next Few Days, SHIB Burning Using Amazon Could Beat Last Month
Twitter account @shib_superstore, run by Travis Johnson, game maker for smartphones, has announced that Johnson is about to beat August by the amount of burned SHIB if, within the next few days, he can get a large amount of SHIB to add to what already has been burned this month.
One of the tools he uses to buy SHIB is Amazon’s affiliate program which then burns down.
187 million SHIB burned so far
According to a tweet published on Monday, on Sunday, the SHIB burn platform managed to remove 5,364,995 Shiba Inu meme coins from the circulating supply.
In total, Johnson said in the tweet, so far this month, about 187 million Meme Coins have been sent to dead-end wallets in September — the equivalent of $2,007 earned when advertising in games and selling SHIB-branded merch and accessories. Johnson is also using commissions received from Amazon, Amazon Audible and MEXC Exchange.
The Amazon affiliate program has been the second biggest earner this month for the platform. MEXC, so far, has not been contributing much to the burns.
Travis Johnson is the only member of the SHIB military who is using the Amazon Affiliate Program to burn SHIB.
SHIB burn rate hits 1,031%
As reported by U.Today, on Monday, the SHIB burn rate soared to triple digit values of more than 1,000%. Despite this impressive figure, the amount of meme tokens sent to “inferno” wallets was not that big. On that day, the SHIB army managed to get rid of approximately 130 million tokens worth $1,430, according to data provided by CryptEye.
So far, the burn rate of the second largest meme crypto has turned red, falling to -77.23%, with only 29,433,603 Shiba Inu locked in unopened wallets.
Despite the fact that a great focus remains on SHIB burning, with the overall negative situation in the global economy, burns will hardly ensure any price surge for the meme coin.