Another major amount of Shiba Inu has been destroyed over the last 24 hours but the token shows 12.10 percent weekly drop
Crypto burn tracker @shibburn has announced that in the past twenty-four hours a massive amount of SHIB tokens have been taken out of circulation – a total of 1,351,643,000 Shiba Inu.
1.3 billion + 100 mln SHIB burned
This amount of meme coins is worth $32,155. According to the list of burn transactions published on the Shibburn website, several consecutive transfers stand out from the rest by their size.
Three transactions burned over 100 million SHIB, while three others moved between 210 million and 270 million tokens each to a dead end wallet.
After the burn tracker published the tweet about the 1.3 billion SHIB, more tweets came out in the past several hours, notifying the community of more tokens removed from the circulating supply – 55,402,333, 1,000,000, 20,675,909, and 18,674,658 SHIB.
In total, this represents an additional 95.6 million Shiba Inus.
SHIB price keeps dropping despite frequent burns
Despite regular token burns, SHIB price has been unable to recover its all-time high reached in late October, when it briefly traded at $0.00008845.
Since April 5, the second-largest meme token has fallen from a local high of $0.00002748, after hitting a low of $0.00002385 – that’s where it’s trading at the time of writing. these lines.
Overall, in the past four days, SHIB has lost 13.22 percent.
