@shibburn Another huge amount of SHIB has been settled in the last week and also in the last 24 hours, according to the crypto tracking service.
2.6 billion SHIB gone in seven days
On Sunday, @shibburn published a tweet with data about the total amount of SHIB burned since Monday, March 21. 2,604,802,620 Shiba Inu were exterminated.
The largest single transaction that took SHIB to the “hell” wallet took place on March 22, with 1 billion tokens.
In total, at the beginning of last week, more than two billion meme tokens were destroyed in just two days.
— shibburn (@shibburn) March 27, 2022
300 million SHIB gone in 24+ hours
The same Twitter account noted that a total of 300 million SHIBs were transferred to dead-end wallets in the past 24 hours and the subsequent few hours. There were 191 transactions in this.
Just an hour ago today almost all of it burned down: 290,590,004 meme tokens.
290,590,004 $SHIB -> Moved to dead wallet.
— shibburn (@shibburn) 28 March 2022
Three companies plan to burn SHIB
As previously reported by U.Today, three businesses are now planning to join the SHIB burning trend through NowPayments. The above platform is currently testing a flaming portal for SHIB and the Doge Killer (LEASH). Italian burger chain Wellies, the John Richmond fashion brand and Sorbillo’s pizza chain Noupements are all set to spend a portion of their SHIB profits.
The goal of sending these meme tokens to non-spendable addresses is to try to make this doge coin more rare and thus, push the price up significantly.
As of press time, the 15th largest cryptocurrency, Shiba Inu, is showing an increase of nearly 7% over the past 24 hours and is trading hands at $0.000002634.