Saturday, February 4, 2023
HomeCrypto NewsShiba Inu10M Shiba Inu Burnt by a Single Wallet; 17M Burnt in 24hrs

10M Shiba Inu Burnt by a Single Wallet; 17M Burnt in 24hrs

- Advertisement -

In the last 24 hours, 17.12 million Shiba Inu (SHIB) have been burned, 10.10 million of those in a single transaction.

In the last 24 hours, the whole Shiba Inu Community made five different transactions totaling 17,120,687 (17.12M) SHIB to the dead wallet.

The unidentified wallet holding 109,899,032,414 (109.89B) SHIB executes the major Shiba Inu Burn transaction. 

According to Etherscan.io statistics, the unknown wallet made a significant transaction roughly 18 hours ago to permanently remove a substantial 10,102,561 (10.10M) SHIB from circulation.

The overall burn rate for Shiba Inu increased by 25.21% over the previous day due to this significant burn.

SHIB Burn

Along with the Community-led Shiba Inu Burn activities, Binance staked 4 trillion SHIB, worth $35,080,000 ($35.08M), into the Shiba Inu decentralized exchange, ShibaSwap, to temporarily remove them from circulation.

According to information from Shibburn.com, a tremendous 410,384,457,192,305 (410.38T) SHIB from the initial supply of 1 quadrillion has been burned. 

As a result, there are currently 589,615,542,807,694 (589.61T) SHIB available overall. 

Out of a massive total supply, 571,513,933,836,391 (571.51T) SHIB are now in use, while the Community has staked 18.10T SHIB into ShibaSwap.

Shiba Inu is trading at $0.000008947, up 2.84 percent from the previous day, with a 24-hour trading volume of $439,569,010 ($439.56M).

Read Also:

- Advertisement -
RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -spot_imgspot_img

Most Popular