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!
11.8M Burned
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!
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