Over 1 Billion Shiba Inu (SHIB) Burned in 7 Days

1.04 billion Shiba Inu (SHIB) have been burned in the last 7 days, while Shiba loses 25% of its value in a week.

Over 131.34 Million Shiba Inu (SHIB) burnt within the Past 24 Hours and 1.04 Billion in the Past 7 Days. 1,055 Bone ShibaSwap (BONE) has also been destroyed by one of the Community-led Burning Projects.

Despite these positive developments, Shiba Inu was unable to retain its critical support level located at $0.00000908 on the 4-hours chart and dipped towards the $0.000008 level, showing a decrease of over 4% in the past 24 hours.

Shiba Inu lost 25% of its value in the past 7 days, CoinMarketCap reports.

Data from the tracking platform Shibburn shows that over 1.04 billion Shiba Inu have been incinerated since Monday.

1CENT, one of the tokens dedicated to burning SHIB, has also moved out 1,055 Bone ShibaSwap (BONE), the governance token of the Shiba Inu ecosystem from circulation forever.

Among the major SHIB Burn donors of the Week are Travis Johnson's SHIB Super Store, ETH SHIBA, and 1Cent token.

Travis Johnson’s SHIB Super Store was able to organize two back-to-back “Weekly Burn Events”.

According to the tweet posted by Shibburn, an overall 1,046,842,187 (1.04B) Shiba Inu dog-themed tokens have been moved to unspendable wallets in the past 7 days in merely 101 transactions.