The Shiba Inu team has consistently delivered on that promise by using a portion of Shibarium’s gas fees to perform larger SHIB burns.
In the latest series of incinerations using Sybarium, the Shiba Inu team incinerated 8,471,583,707 (8.47 billion) SHIB tokens worth $90,307.
This 8.47 billion erased SHIB is the fourth in a series of tokens to be burned from Shibarium gas fees. Lucy, a well-known Shiba Inu content marketer, posted details of the deal in a recent communication on X.
β4th SHIB burn warning! Enjoy the flames of Sibrium. β Lucy said so.
π₯4th place $SHIB Burn alert! π₯
enjoy these #shibarimmumu flame. pic.twitter.com/jlYSlhl9hG
β πππππ | β¨Shib.ioβ¨ (@LucieSHIB) December 22, 2023
Also famous Shiba Inu burn tracker Shibburn. Confirmed A recent tweet mentioned this transaction, pointing out that 8.47 billion tokens were sent to a dead and unrecoverable address. Additionally, data from Etherscan shows that the burn occurred on December 22nd at 10:51:35 + UTC.
Remarkably, this fourth burn occurred within 24 hours of the Shiba Inu team starting the third burn. disclosed. Notably, the Shiba Inu team erased his 8.53 billion SHIB tokens on December 22nd at 12:30:59 + UTC. The value of the burnt tokens was $90,711 at the time of reporting.
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In total, the Shiba Inu team incinerated 17,005,148,400 SHIB tokens within 24 hours. As a result, the Shiba Inu’s daytime burn rate reached a high of 67,324%, as captured by Shivburn in a recent tweet earlier today.
hourly shiv update$SHIB Price: $0.00001091 (1 hour 0.40% β² | 24 hours 4.46% β² )
Market capitalization: $6,438,593,366 (4.81%β²)
Total supply: 589,302,399,249,938token burnt
Last 24 hours: 17,044,029,712 (67324.8% β²)
Last 7 days: 25,703,276,224 (14058.83% β²)β Shibburn (@shibburn) December 23, 2023
Overall, over the past seven days, 25,724,850,362 (25.72 billion) Shiba Inu tokens have left circulation.
Sibrium-based Barnes breeds with 33.8 billion Shiba Inu in 18 days
The Shiba Inu team started writing using the long-awaited Shibarium on December 4th. This resulted in his 8.24 billion SHIB, worth over $75,000 at the time, being transferred to a dead wallet.
In parallel with development, the team performed another burn on December 16th. 8.61 billion SHIB was burned as part of the ongoing Sibarium burn.
In the latest update on December 22, the Shiba Inu team sent an additional 17 billion SHIB tokens to a non-recoverable wallet. As a result, the team managed to write more than 33.8 billion SHIB on Shibarium within just 18 days.
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