Quarter of billion SHIB destroyed since yesterday morning; however, by now, burn rate has begun to decrease
As reported by Shibburn’s Twitter account which belongs to the platform of the same name dealing with SHIB burning and tracking of other parties’ SHIB burns, more than 229 million Shiba Inu have been cremated since yesterday morning.
229.2 million SHIB burned
According to the tweet posted by Shibburn, an overall 229,165,044 Shiba Inu meme tokens have been moved to unspendable wallets in the past 24 hours in merely 11 transactions.
However, over the past few hours, the burn rate of SHIB has started to drop and it has now decreased by 48.34% as far fewer SHIB tokens have been burned.
First SHIB burn via Amazon occurs
As reported by U.Today on Tuesday, game dev Travis Johnson’s shop conducted a burn of 56,000,000 SHIB on Sunday. This project uses some of its profits from selling advertisements in its mobile games and from selling SHIB-branded merch and goods to buy Shiba Inu, which is then moved to dead-end wallets every Sunday.
On Tuesday, the store’s Twitter account reported that it had successfully completed its first SHIB engraving made with the help of its Amazon affiliate program.
According to the tweet, 16,525,821 bought with the money earned on Amazon commissions was destroyed.
SHIB payments open in 179 countries
Recently, a crypto payment processing platform BitPay announced its new partnership with Edge. The latter is a noncustodial wallet that consumers can use to buy, sell, and spend over 130 digital currencies.
Currently, Edge has a user base of over 1.7 million in more than 179 countries. SHIB is one of the coins that is supported by BitPay, along with original meme coin DOGE, Bitcoin, Ethereum and a number of other digital assets.
SHIB support was added in 2021 by BitPay. Now, through BitPay, the Shiba token is available to around 200 million crypto users who can use it to purchase from numerous merchants and businesses.
