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463 Million Shiba Inu Burnt In 24 Hours, Over 6 Billion Shib Burnt In March

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Over 6.05 Billion Shiba Inu (SHIB) Tokens were Burnt in March.

Over 6.05 billion Shiba Inu (SHIB) tokens were destroyed in March 2022, while over 463.34 million SHIB tokens were burned on the month’s final day.

Shibburn.com recently released a monthly burn figure and reported that 6,050,996,291 (6.05B) SHIB tokens had been sent to the dead wallet by the community-led burning initiatives in March 2022 of 430 separate burns. This marks the record month for Shiba Burning, as this figure is a whopping 400% higher than the previous month when only 1,480,346,835 (1.48B) SHIB tokens had been taken out of circulation forever.

On the month’s final day, a whopping 463,342,447 (463.34M) SHIB has been taken out of circulation forever through 11 separate burns.

 

Top Burners of the Month:

Three newly emerged tokens, ETH SHIBA, ShibaBurn, and 1Cent, are among the top SHIB burner of the month and have stolen the show from Travis Johnson’s Bricks Buster game, which manages to secure 4th spot as the biggest burner of SHIB this month.

ETH SHIBA FLASH BURN EVENT:

ETH SHIBA hosted a FLASH BURN EVENT soon after P2PB2B, London-based world’s fastest-growing cryptocurrency exchange, officially declared the listing of ETH SHIBA on its platform.

As per details provided by ETH SHIBA, it will be available on the exchange for trading from 5th April 2022. This marks the first CEX listing for the newly emerged token, and to celebrate this milestone, ETH SHIBA reportedly sent 15 BNB with SHIB tokens, i.e., 242,328,377 (242.328M) to dead wallet through a single transaction. Shibburn.com verified the burn.

ETH SHIBA allows crypto investors to earn regular dividends in the form of Binance Pegged ETH just by holding ETHSHIB in their wallets. The token has already distributed over 97 ETH in rewards to its holders till now.

The token is only three weeks old and has no official relation with the Shiba Inu token. Twenty-one days since its launch, ETH SHIBA has achieved so much and is moving ahead of schedule with its ETH SHIBA roadmap. The token is now listed on two world-famous data tracking websites, CoinGecko and CoinMarketCap, and has more than 2,000 holders.

Moreover, the token claims that it has contributed to SHIB burn. The project has taken over 1.5 billion Shiba Inu tokens out of circulation forever.

 

Record BURN EVENT of the Month:

The biggest Burn Event of the week was from ShibaBurn-token, a new token aiming to burn SHIB while using 5% of its tax fees collected from its holders. The event was covered live on Mathew G. Perry’s official Youtube Channel named “Let it Burn” and had set a new record by burning 1 billion SHIB in just a single transaction.

1CENT BURN EVENTS:

1Cent is also a new token showing solidarity with the Shiba Inu Community and aims to reduce Shiba Inu’s total circulation supply (SHIB).

Three weeks or 21 days since the token launch, 1Cent has reportedly destroyed a whopping 1,004,717,957 (1.0B) SHIB.

Travis Johnson’s Bricks Buster Game BURN EVENT:

Besides these tokens, Travis Johnson’s Bricks Buster game has taken out 595,232,837 (595M) SHIB tokens worth $13,118 from circulation forever on 17th March 2022 via the planned SHIB Burn Event.

Impact on SHIB Price:

As per data provided by CoinGecko, Shiba Inu’s price is experiencing a slight downfall of over 6% for the month; however, shown satisfactory performance in the past 14 days and is up 13.8%. Considering the seven days, SHIB’s price is currently up 2.7% for the week.

At the time of writing, Shiba Inu’s price is trading at $0.00002510, down over 9% over the last day, with a 24-hour trading volume of $1,270,566,697 ($1.27B).

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