According to Shibburn, Shiba Inu has seen a massive 1.1 billion tokens burn in the last seven days. Shibburn reports that in the week just ended, a total of 1,164,755,557 SHIB tokens were burned in 217 transactions. The weekly burn of 1.1 billion SHIB amounted to $12,504.

Notably, this is the largest seen in weeks or months, as the amount burned in previous weeks was mostly in the millions.