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56 Million SHIB Burned Despite Trouble with Robinhood and Coinbase: Details

Tue, 06/07/2022 - 16:20
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Yuri Molchan
This Shib burner has destroyed 56 million Shiba Inu after hitting a snag with Robinhood, Coinbase and MetaMask wallets
56 Million SHIB Burned Despite Trouble with Robinhood and Coinbase: Details
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Game developer Travis Johnson has performed another weekly Shiba Inu burn from the profits of his “Super Shib Store”, this time removing a total of 56,000,000 SHIB from the circulating supply.

Burning after solving issues with major crypto platforms

He shared the news in a recent tweet, saying that he “was having trouble with Robinhood, Coinbase” and also with MetaMask wallet.

The developer did not specify what trouble he had with this popular trading platforms, however, in one of his previous tweets this week, he mentioned that he had difficulty sending SHIB tokens via Robinhood.

The store allocates part of advert profits from its mobile games, as well as selling SHIB-branded goods and merchandise, to weekly SHIB burns, which have replaces monthly ones which used to be made on 15th of every month. Now, meme coins are moved to unspendable wallets every Sunday.

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16.5 million SHIB burned via Amazon

Another recent tweet of the “Super Shib Store” says that they have managed to burn 16,525,821 Shiba Inu bought with commissions from the Amazon affiliate program that was recently announced by this Twitter account.

Overall, according to the @shibburn tracker, over the past 24 hours, a total amount of 284,133,700 SHIB has been sent to dead-end wallets. The burn rate has increased by 190.25 percent compared to a day ago.

SHibburn_rate
Image via Shibburn
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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 yuri.molchan@u.today.