The Tribes


Main Hall - June 8, 2022

229 Million SHIB Burned in 11 Transactions: Report

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As reported by Shibburn Twitter account that belongs to the same-name platform dealing with burning SHIB and tracking other parties’ SHIB burns, over 229 million Shiba Inu have been incinerated since yesterday morning.

229.2 million SHIB burned

According to the tweet posted by Shibburn, an overall 229,165,044 Shiba Inu meme tokens have been moved to unspendable wallets in the past 24 hours in merely 11 transactions.

However, in the past few hours, the burn rate of SHIB began dropping, and by now it has decreased by 48.34% as a lot fewer SHIB tokens have been burned.

First SHIB burn via Amazon occurs

As reported by U.Today on Tuesday, game dev Travis Johnson’s shop conducted a burn of 56,000,000 SHIB on Sunday. This project uses some of its profits from selling advertisements in its mobile games and from selling SHIB-branded merch and goods to buy Shiba Inu, which is then moved to dead-end wallets every Sunday.

On Tuesday, the Twitter account of the shop stated that it had managed to perform its first SHIB burn made with the help of its Amazon affiliate program.

According to the tweet, 16,525,821 bought with the money earned on Amazon commissions was destroyed.