Over 500 Million Shib Burned This Week With 400 Million Destroyed in Last 24 Hours

(Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. Every investment and all trading involves risk, so you should always do your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.)

As the twitter account @shibburn has shown us over 500 Million Shiba Inu Tokens have been burned or destroyed in the last week alone.

In the past hour, there have been a total of 400,068,259 $SHIB tokens burned and 1 transaction. #shibarmy [Visit pages to burn transaction info on the Shibburn website as they get tweeted for more burn. 🔥]

— Shibburn (@shibburn) March 14, 2022

burns have been ramping up fast over the last few weeks and continue all this week.  As ShibBurn stated 103,898,038 Shiba Inu Tokens Have Been Burned in 58 transactions. This was displayed before the major burn of 400 Million Tokens were sent to the inferno.

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In the last 7 days, there have been a total of 103,898,038 $SHIB tokens burned and 58 transactions. #shibarmy

— Shibburn (@shibburn) March 13, 2022

This news comes on top of the fact that we can see whales making more and more purchases over the weekend equalling Millions of USD in Shiba Inu Tokens.