You Can now Burn Shiba Tokens Through Amazon Purchases


With each passing day, the Shiba Inu ecosystem is coming up with creative ways to broaden the use and burning of SHIB tokens.

A new announcement from Shib_superstore, a Twitter account related to Travis Johnson SHIB burn games, has revealed that SHIB can now be burnt via Amazon.

Per the announcement, the Shib_superstore has been added to Amazon’s affiliate program, and it would now use “between 1% and 20% of purchase price” to buy SHIB tokens that will be burned.

The firm had previously conducted its burns monthly before changing that to weekly, and it has cumulatively burnt over 2 billion units of SHIBA tokens.

According to its official website, the store was created mainly for the Shiba community, and its goal is to develop SHIB-themed products that would drive the adoption and growth of the meme token.

Presently, the store has apps and games that burn 100% of its ad revenue. Some of them are Shibsphere, Bricks Buster, Candy Trips, Zombie Assassins, and Shiba Play.

SHIBA Burns Continue

Data from the Shiba Inu burn tracker reveals that over 410 trillion units of Shiba Inu have been burnt since the burn tracker was launched.

In the last 48 hours, the tracker reveals that 220 million units have been burnt. Around 100 million units were burnt in 24 hours while the rest were burnt earlier.

However, the effects of the burns have not positively reflected in the price performance of the leading meme coin. SHIBA price has declined by over 2% within the last 24 hours, and its value has dropped by more than 10% in the last seven days.

This can be tied to the overall crypto market crash that has seen the market cap of the industry drop to less than $1.5 trillion. To better understand the crash, the industry saw over $500 million liquidated in the last 24 hours alone.

The burn effects would become more pronounced when the market witnesses a period of less volatility and when other developments like the launch of Shibarium layer-2 solution, which would have its burning mechanism.

Shiba Inu remains a hugely popular coin with whales and traders despite the current market downturn.