Shiba Inu Surge in Burn: Over 900M SHIB Burned in June 2024
In June 2024, the Shiba Inu community burned over 900 million SHIB tokens, permanently removing them from circulation. According to Shibburn, 918,079,655 SHIB tokens were burned through 237 transactions. At the current exchange rate of $0.00001732, this burn is valued at $15,901.
One notable transaction on June 11 saw an unknown user transfer over 225 million SHIB to the dead wallet. On June 13, community member 1c Dream burned 100 million SHIB. This marks a 148.68% increase in the burn rate from May.
29.2 Billion Shiba Inu Destroyed in First Half of 2024
Since the beginning of 2024, the Shiba Inu community has destroyed 29.2 billion SHIB tokens. The community’s burn rate continues to rise, with a 4,677% increase over the past 24 hours, totaling 301,686,518 SHIB burned so far.
The community’s efforts to reduce SHIB supply show no signs of slowing down.
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