$SHIB
🚨Community Burns Over Half a Billion SHIB in 24 Hours🚨
According to SHIB burn tracking platforms, in a day, 537,187,730 SHIB tokens were transferred to burn addresses, where they will no longer be accessible. Five large transactions facilitated most of this burn.
Notably, three of the biggest burns, 310,744,788 SHIB, 107,333,061 SHIB and 103,276,575 SHIB, were made by the same anonymous wallet, and all of them were made within minutes of one another. These burns highlight the determination of the SHIB community to reduce supply and enhance long-term value prospects.
This sentiment was sustained by Shiba Inu holders throughout the week as the total number of SHIB burned increased to 687,249,104. This activity represented a 481% weekly rise, and the vast majority of tokens were burned during the session on Friday. The continued existence of these initiatives demonstrates a continuing plan to reduce the supply of SHIB in circulation and possibly stabilize the price.
