The Shiba Inu’s (SHIB) community is said to be the finest community in the crypto world and nowadays seems to be busy burning SHIB tokens by sending the tokens to a dead wallet to drive the price up to sustain it the long term.
The recent Etherscan data reveals that the SHIB Community has been able to destroy a massive number of Shiba Inu (SHIB) tokens this week, i.e., more than 322 million tokens have been taken out of circulation with 52 transactions. In comparison, over 57 million SHIB tokens have been burned on Sunday alone.
The exact number of SHIB tokens that have been burned during the last seven days is 322,633,272, (322M), whereas, on Sunday, precisely 57,084,421 (57M)
The official Twitter handles of Shibburn verified the burn details via tweet and told its followers that exactly 57,084,421 SHIB tokens had been burned on Sunday alone with nine transactions, whereas 322,633,272 SHIB tokens have been sent to dead wallet during the last week with 52 transactions.
The Community interest in burning seems to increase day after day following the recent valuable developments in play in the SHIB ecosystem.
According to the team, the developments like Shiberse, Shibarium, etc., are expected to happen soon or in 2022. Even though these all developments seem bullish for the Shiba Inu (SHIB) token and are expected to take the SHIB token to its new heights. The current massive circulating supply of 549 Trillion tokens might hinder the price growth further.
Knowing this fact, the SHIB community is committed to burning and wants to take as many tokens out of circulation they can at these lower prices.
Besides this massive burning in play, the recent WhaleStats data reveals that the total ETH Whales’ holding now surpassed 2 billion dollars and currently stands at $2,806,528,218.
