Shiba Inu Burn Portal Destroys 20 Billion SHIB In Less Than Week After Launch

Shiba Inu SHIB/USD launched its Burn Portal on April 23. Since that day, close to 20 billion SHIB worth over $455,000 has been destroyed. Those were added to the burn pool via 1555 transactions. 

🔥🔥🔥 20 BILLION SHIB BURNED!! 🔥🔥🔥 Keep rocking #SHIBARMY !! pic.twitter.com/cgblAudrcV

— Archangel (@RealCryptoAngel) April 29, 2022

Through the Burn portal, 1203 users have contributed, with each transaction averaging 12.8 million SHIB destroyed.

According to the report, the burn portal will reward SHIB burners with Ryoshi’s Vision. 

By burning SHIB tokens, users permanently remove them from the circulating supply by transferring them to a burn address. 

Whales continue to accumulate SHIB, in recent transactions, two top Ethereum whales bought nearly 200 billion SHIB.

According to WhaleStats, the first SHIB purchase transaction was that of Ethereum whale “Bombur,” who bought over 50 billion SHIB, worth over $1 million. 

🐳 ETH whale “Bombur” just bought 50,852,928,611 $shib ($1,153,852 USD).

Ranked #81 on WhaleStats: https://t.co/3ADbDHvWPW

Transaction: https://t.co/MJT0dDB6s9#SHIB #ShibArmy

— WhaleStats – BabyWhale ($BBW) (@WhaleStats) April 29, 2022

Also Read: Shiba Inu Community to Get Ownership Stake In Fast-Food Joint Welly

Another transaction was done by ETH whale “BlueWhale0073,” who bought 143 billion SHIB, over $3 million worth. 

🐳 ETH whale “BlueWhale0073” just bought 143,334,055,785 $shib ($3,176,282 USD).

Ranked #272 on WhaleStats: https://t.co/RBupemZyZX

Transaction: https://t.co/PcS5KSSR3a#SHIB #ShibArmy

— WhaleStats – BabyWhale ($BBW) (@WhaleStats) April 29, 2022

Also Read: Shiba Inu Community to Get Ownership Stake In Fast-Food Joint Welly