Recent hours seen transactions carrying SHIB being burned
according to Shibburn Twitter Over 563,864,006 SHIB (563 million) tokens have been burned in over 54 transactions in the last seven days. This is a small amount compared to previous months, when more than 1 billion SHIB were burned in a week.
According to SHIB BPP, a Shiba Inu community-focused Twitter account, a meager 1,743,878,414 (1.7 billion) SHIB were burned in September.
In the past 24 hours, Shibburn reported that a total of 57,303,824 SHIB tokens were burned in five transactions. Transactions carrying SHIBs have been burned in recent hours, with 10,010,085 SHIBs being transferred to dead wallets, the Shibburn tracker was reported. Also, 999,265 SHIB tokens were burned in a single transaction.
Despite the number of SHIB tokens sent to dead wallets in recent hours, the Shiba Inu burn rate remains down by 73.92% at press time.
This comes in the form of token burning through the Shibburn initiative as it used to be. The past week has shown a small amount of SHIB burned in recent times, which is at least 6 million SHIB. However, this may not indicate a decline in interest in burning SHIB.
SHIB burning remains a popular topic with the Shiba Inu community, who continue to find new ways to burn SHIB and also increase the quantity burned to billions and even trillions.
New ways to kindle SHIB are emerging
Shiba Inu’s lead developer, Shiotoshi Kusama, recently revealed to Discord that 5% of the profits from the new Shiba Eternity game will be burned. The upcoming shibarium is also expected to play an important role in the burning of SHIB.
Likewise, the renaming of lands in the SHIB metaverse is also another method expected to burn SHIB. According to reports, 8.4 billion SHIB has now been burned from Shiboshi name changes.
