Over the weekend, Shiba Inu (SHIB) tokens got a one-way ticket to the “inferno” address! 39,829,430 (39.82M) SHIB tokens were burned in 27 fiery transactions by the community-led Shiba Inu Burn Project.
The SHIB SuperStore
The biggest burner of all was the “SHIB Super Store” which sent a whopping 11,839,731 (11.83M) SHIB to the afterlife in just one transaction. But the Shiba Inu community wasn’t done there, they burned a total of 196,812,147 (196.81M) SHIB in the past seven days through 57 separate transactions, according to Shibburn.com.
Burn and Reward!
11.5M Rewarded (rewards sending soon)
A detailed explanation on the delay of the Bricks Buster tournament rewards will be in a follow up tweet.
Thanks everyone! Congrats to everyone holding right now!https://t.co/d0goxr70o0 pic.twitter.com/06i63xQecn
— SHIB Super Store (@shib_superstore) January 30, 2023
The burn rate of Shiba Inu tokens saw a sudden increase of 21,712% on January 26th, which was due to a small number of tokens being burned the previous day. But that was just a warm-up, the community lit up the crypto scene with their fire-burning efforts over the weekend!
Shiba Inu Token Making Its Mark! Binance Pay & Bermuda Privacy dApp Extend Support
But while the Shiba Inu community is reducing the massive supply, the token is also making a name for itself in the mainstream world. Bin Faqeeh, a real estate developer in Bahrain, recently announced a partnership with Binance Pay, allowing customers to make payments with SHIB and other cryptocurrencies. Plus, Bermuda Privacy dApp, a platform that values privacy, added support for SHIB, so users can trade the token anonymously. Looks like Shiba Inu is not just a cute dog meme, it’s a token on fire!