Shiba Inu Community Rejoice As 176M $SHIB Burns In One Transaction

• The crypto has burned more than 520 million tokens in the last 7 days.
• Shiba Inu’s burn tracker reported that it has burned more than 176 million $SHIB in one transaction.
• Shiba Inu insider noted that the SHIB burn is also the community’s responsibility, not just the developer’s.

On September 20, Shiba Inu’s official burn tracker tweeted that over 176 million $SHIB tokens were transferred to a dead wallet. However, that isn’t all. In the last 24 hours, 135,933,606 $SHIB were burned adding to a total of 521,814,163 tokens burned in the last 7 days.

100,776,829 $SHIB -> transferred to dead wallet. https://t.co/9lSwA6BwMU

— Shibburn (@shibburn) September 20, 2023

As per Shibburn’s last hourly update, the meme coin’s current price stands at $0.0000073 with a 0.15% drop in the last 1 hour. The overall 24-hour price change showed a decrease of 1.34%, featuring a market capitalization worth $4,297,527,749.

On September 18, a team member from the Shiba Inu team answered questions related to Shibarium’s highly anticipated SHIB token burn. The Twitter user, known as Lucie, tweeted “burns are set per transaction,” suggesting the timing of the token bur…

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