According to a recent tweet from the Shibburn crypto tracking service, the activity of the SHIB army in burning Shiba Inu has decreased. The tweet stated that during the past seven days, slightly more than 303 million SHIB meme coins were removed from circulation, which is significantly less than previous weeks in March and this month where over 1 billion SHIB were removed weekly. The overall amount of SHIB in circulation is currently 574,056,752,986,739 meme tokens according to Shibburn’s website.
In the past 24 hours, there have been a total of 20,215,360 $SHIB tokens burned and 5 transactions. Visit https://t.co/t0eRMnyZel to view the overall total of #SHIB tokens burned, circulating supply, and more.
— Shibburn (@shibburn) April 22, 2023
In the last 24 hours, the Shiba Inu community sent a total of 20,215,360 SHIB to “inferno” wallets, which is a 92% decrease compared to the previous day’s burns. Shibburn reported that within the past seven days, 303,782,158 Shiba Inu tokens were taken out of circulation, representing a 90.17% decrease compared to the previous week. This indicates a decline in SHIB army activity in burning Shiba Inu.
Overall, these developments suggest that the SHIB army may be losing momentum in their efforts to burn SHIB tokens, which could have implications for the future value of the meme cryptocurrency.