Massive amount of Shiba Inu has been burned with help of platform that destroys SHIB via Amazon tool
Over the past 24 hours, the SHIB burn rate increased as approximately 65 million Shiba Inu tokens were removed from the circulating supply. About half of this amount of meme crypto was destroyed by the “Shib Super Store” platform that uses the Amazon affiliate program.
65 million Shiba Inu removed, burn rate soars 111%
According to prominent burn tracker Shibburn, since the morning of Dec. 19, the joint efforts of the Shib army helped the circulating SHIB supply shrink by a total of 66,065,238 meme coins. That was quite a rise of over 111% from the approximately 30 million SHIB burned a day before.
The two largest transfers to the dead-end wallet were those carrying 32,314,923 and 21,537,303 Shiba Inu.
As a result of these burns, over the past 24 hours, the burn rate of this leading meme coin in the market went up by 107.30%.
“Amazon Burner” removes half of 24-hour burn stash
The “Shib Super Store”, run by Travis Johnson, the creator of mobile games, managed to destroy almost half of the above SHIB amount, according to his recent tweet. Thanks to their efforts, a total of 32,314,923 SHIBs have now been visited.
At the beginning of this year, Johnson announced that he began using an affiliate program on Amazon. All the commission fees he gets from sales of goods are used for purchasing Shiba Inu tokens that will later get burned.
According to an earlier tweet by “Shibh Super Store”, the rest of the burning every Sunday is “sponsored”, part of the advertising revenue coming from ads in their games for smartphones.
The next burn, according to the tweet, will take place on Christmas Day — in a week’s time.
SHIB becomes top bought property
as Reported by WhaleStats Wallet tracker SHIB token is again in the list of 10 most bought digital currencies by the biggest 5,000 whales on Ethereum.
SHIB is currently also on the top 10 list of holdings among the 100 biggest whales on ETH chain as they hold $48,697,308 worth of this canine token, second biggest by market capitalization after Dogecoin.
