Three burning platforms belonging to the Shiba Inu (SHIB) community have burned a total of 223 million SHIBs in the last week.
As the crypto bear market continues, the development of projects in the industry continues. The Terra crisis experienced at the beginning of the year brought along supply problems. Many crypto investors started to look at the amount of coins in projects first. Meme tokens started to feel the effect of this the most. The oversupply on the part of the Shiba Inu has also mobilized its community. Shibburn accelerated the burning of SHIB Super Store and 1Cent.
Shiba Inu Community Focused on Burns
Shiba Inu (SHIB), one of the popular cryptocurrencies, is heavily supported by its community. The community is trying to reduce the project supply by continuing the burning activity on a regular basis.
Three community-managed platforms, Shibburn, SHIB Super Store and 1Cent, draw attention. These platforms were the top SHIB burners of the week.
In the last week, 223 million tokens were sent to the burning address on the SHIB side. These burnings, which are carried out with 51 different processes, will be carried out regularly.
Also, Shibburn reported, 22 million SHIBs have been sent into eternity in the last 24 hours.
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