2.5 Billion SHIB Burned in Past 7 Days, While Shiba Surges 14%

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2.5 Billion SHIB Burned in Past 7 Days, While Shiba Surges 14%
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Shibarmy burns 2.5 billion $SHIB within a week as number of Shibaholders soars by 32,000. shibburn WhaleStats

Last week, daily burns of SHIB reported by Shibburn, as covered by U.Today, sometimes reached over half a billion tokens.

On Friday, U.Today reported that business project @shib_superstore announced that its online shop that sells mobile phone games, Shib-branded merchandise and goods had been picked for an affiliatedand would begin to regularly use part of their profits from that to buy and burn Shiba Inu. First, this project burned SHIB every 15th day of each month, but now they have begun conducting burns more frequently—every Sunday.Since May 29, the second biggest meme coin by market cap, Shiba Inu, has demonstrated a rise byThe whole crypto market started going up, pulling small-cap coins, like Shiba, along. Bitcoin is up 5.66%, changing hands at $30,630, and Ethereum has risen 7%, trading in the $1,900 zone.

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