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2.5 Billion SHIB Burned in Past 7 Days, While Shiba Surges 14%

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Shibburn platform that tracks SHIB burn transactions and frequently destroys meme coins itself has recorded over 2.4 billion Shiba Inu locked in unspendable wallets since last Monday.

In the meantime, the Shiba Inu price has printed growth of over 14%.

Billions more SHIB removed

Shibburn has tweeted that over a period of the last seven days, a total of 2,417,015,301 canine tokens have been moved to two dead-end wallets and out of the circulating supply. Burning this large stash of Shiba Inu took 236 transactions.

This is the equivalent of $29,270 at the current exchange rate.

Last week, daily burns of SHIB reported by Shibburn, as covered by U.Today, sometimes reached over half a billion tokens.

On Friday, U.Today reported that business project @shib_superstore announced that its online shop that sells mobile phone games, Shib-branded merchandise and goods had been picked for an affiliated program of Amazon and would begin to regularly use part of their profits from that to buy and burn Shiba Inu.

First, this project burned SHIB every 15th day of each month, but now they have begun conducting burns more frequently—every Sunday.

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