.Shibburn Half a billion $SHIB got burned in the past week, which was eventful for the ShibaInuarmy. ShytoshiKusama Shibarium
Still, these burns destroyed a lot fewer SHIB than the stash that was moved to dead wallets during the week before that.This time, cumulatively within a week, the SHIB community transferred a total of 522,956,324 Shiba Inu meme coins. Compared to the previous week, there is a decline of 63.97%.
Over the past 24 hours, per the same source of data, 35,772,688 SHIB was sent to dead-end wallets in 10 transactions. The largest one carried 12,999,999 SHIB 17 hours ago and was made by an anonymous crypto whale. These burns pushed the burn rate 80.69% down compared to Friday, when the SHIB army disposed of around 180 million Shiba Inu.The goal of token burns is to reduce the circulating supply of a particular cryptocurrency in order to make it more scarce. In theory, this may help to increase its price in the long run. So far, the SHIB community has managed to lock 410,651,942,289,028 SHIB in unspendable wallets in total.
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