- Shibburn revealed that more than 259 million tokens were burned throughout the past week.
- According to the X post, these SHIB tokens were burned through 66 transactions.
- At press time, SHIB was trading hands at $0.00000803 following a 1.18% 24-hour gain.
The Shiba Inu (SHIB) token burn tracking platform Shibburn revealed in a X post earlier today that a total of 259,383,545 tokens have been burned over the past week. According to the post, these tokens were burned through 66 transactions.
In the last 7 days, there have been a total of 259,383,545 $SHIB tokens burned and 66 transactions. #shib pic.twitter.com/GSghYogKMy— Shibburn (@shibburn) November 5, 2023
Although the amount of tokens burned in the past 7 days is impressive, it is a 52.4% decrease compared to the previous week. Meanwhile, the value of the tokens removed from circulation is estimated to be $2,061.78.
The recent token burns seem to have had a positive effect on the meme coin’s price, as CoinMarketCap showed that SHIB registered a 24-hour gain. At press time, SHIB was up 1.68% and was trading hands at $0.00000803 as a result. Notably, this daily gain was also enough to flip the crypt…
The post SHIB’s Price Up Slightly as 259+ Million Tokens Get Burned appeared first on Coin Edition.