Shiba Inu: Amazon Burner To Burn ‘Some Serious SHIB’ Going Forward?

Lavina Daryanani
Source: Crypto News Flash

SHIB Super Store, a Twitter account related to Travis Johnson’s SHIB burn games, revealed in Q2 this year that Shiba Inu tokens could be burnt via Amazon. The store was added to Amazon’s affiliate program and used “between 1% and 20% of purchase price” of users’ products to buy SHIB tokens to be burned. The official handle of SHIB Super Store recently brought to light that it burned 19.2. million tokens.

In fact, the Amazon Burner intends to start burning “some serious SHIB” going forward.

Also Read: Shiba Inu: Is A 20% Rally To $0.00001 On The Cards?

Data from Shib Burn brought to light that over the past 24 hours the aggregate Shiba Inu burn rate inclined by 74%. Furthermore, via 51 transactions, a total of 163,977,849 SHIB tokens were sent to dead wallets over the past week.

Shiba Inu’s Price Doesn’t React: Why?

As highlighted in a recent article, the Shiba Inu ecosystem investor dynamics have been improving. Market participants holding their assets for a period of more than a year have risen by 10.29% over the past month. On the other hand, the number of mid and short-term holders has been on the fall. Specifically, the number of participants holding SHIB for 1-12 months and <1 month has shrunk by 9.6% and 29.6% respectively.

Simply put, the change points towards the refinement taking place within the ecosystem. More so, because paper hands have been exiting and diamond hands have been entering into the space.

Despite the entrance of participants into the ecosystem, it should be noted that the price landscape seems to be pretty non-chaotic. The volatility has been hovering around its yearly lows at the moment. Perhaps, that is what is preventing the price of the asset from pulling off an uptick.

Post noting a mere 0.2% deviation, the $4.5 billion worth market-capped asset was trading at $0.000008313 at press time.

Source: Messari