Major burner has prepared another 140.7 million SHIB in March to be burned, while 11.06 million tokens have been incinerated within the past 24+ hours
The SHIB Army continues its token burning campaigns, and to date an additional 140.7 million Shiba Inu have been added to the burn pot of this important SHIB burning team. Earlier this month, U.Today reported that the hot pot for February and March already contained half a billion SHIBs.
Also, over the past twenty four hours, more than 11 million meme tokens have been burned.
140.7 million SHIBs added to the burn pot
The Twitter account @shib_superstore which represents the official Johnson SHIB burning games page said that so far in March they have prepared a total of $3,159 worth of Shiba Inu for the very burn which regularly takes place on the 15th day of each month. .
This is the dollar equivalent of 140,712,694 SHIB canine tokens. On March 1, this Twitter handle announced that they had managed to raise a staggering 514,503,816 SHIB for the burn event.
However, in fiat, this amount does not seem as exciting as in crypto – $12,806. Currently, the total amount of SHIB to be destroyed is approximately 655,216,510, depending on the token price movements.
The company uses part of their advertising profits for purchasing SHIB. The profit come from its mobile games.
11.06 million SHIBs disappeared in 24+ hours
Another team that has been actively burning SHIB, @shibburn, has collected data from Etherscan on approximately 11.06 million tokens moved to dead addresses in the last 24 hours. Tokens “burned” in this way are permanently taken out of circulation, which should drive the price up in the near future.
SHIB holder count spikes almost 200k
Since the start of 2022, the amount of wallets holding SHIB has soared by almost 200,000, while in late 2021, the SHIB holder count reached the peak of 1 million.
Currently, it stands at 1,196,806 users.
