Main navigation

3.1 Billion SHIB Destroyed Since December with 1.3 Billion Gone in January: Details

Tue, 02/01/2022 - 12:48
article image
Yuri Molchan
Over 1.3 billion Shiba Inu were burned last month, while 3.1 billion have been destroyed since December 1
3.1 Billion SHIB Destroyed Since December with 1.3 Billion Gone in January: Details
Cover image via

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Read U.TODAY on
Google News

Recent data shared by the @shibburn Twitter account states that well over one billion SHIB tokens have been removed from circulation permanently in January 2022.

This month, this particular project plans on burning up to half a billion SHIB. Meanwhile, over three billion SHIB have been sent to a dead wallet since December.

Here's How SHIB Price May Reach $0.01, Head of Shiba Inu Burning Business Says

3.1 billion burned since December

In a recent tweet, the team behind the @shibburn Twitter account stated that in January, which just ended, a total of 1,321,145,209 Shiba Inu tokens got destroyed by various teams of the Shib Army. The USD equivalent of this massive crypto amount, though, constitutes slightly under $29,000, since the exchange rate of the second largest canine crypto is $0.00002154.

One of the projects that regularly updates the community on burning SHIB and sends coins to the dead wallet is "SHIBtyme." According to it, during the last week of January, 339,025,547 SHIB was incinerated with a total of 3,109,996,329 tokens burned since Dec. 1.

That is 0.0005274% of the total Shiba Inu supply removed from circulation with an average daily burn destroying 50,983,546 tokens.

One Billion XRP Unlocked as Ripple Injects More Coins in Circulation

414 million SHIB burn expected this month

The @shibburn team also tweeted that so far it has earned $3,900 to buy SHIB with and burn it. This was enough to purchase 179,063,360 tokens. By the end of the month, they expect to increase this fiat amount to $8,000-$9,000, enough to buy 368,324,125 or 414,555,504 SHIB, respectively.

Excellent guys! $3.9k is the total in profits that will be burned once money is cleared, around February 21st. The last two days we had more activity. Going by those numbers we can burn anywhere from $8k to $9k next month with just the website. More to come.

These profits are being made through the aforementioned website that was launched about two weeks ago. One of the ways this website gains profit for burning SHIB is users clicking on advertisements. However, @shibburn warns not to overuse that option in order not to get sanctioned by Google.

56.6 million SHIB gone in 24 hours

According to the same source, over the past 24 hours, overall 56,610,790 have been destroyed. By now, 410,301,843,009,529 Shiba Inu tokens have been incinerated overall, which is 41.03018% of the initial quadrillion SHIB emission.

article image
About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at