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HomeCrypto NewsShiba InuA wallet Burns 26M Shiba Inu, 31M in a Day, and 163M...

A wallet Burns 26M Shiba Inu, 31M in a Day, and 163M in a Week

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Burning the Shib supply is a constant need from the Shiba Inu community.

In the last week, over 163.75 million Shiba Inu (SHIB) were removed from circulation, and in the most recent 24 hours, 31.19 million were. 

Burning 26 million Shiba Inu was accomplished via several transactions from a single wallet.

In the previous week, fifty different transactions totaling a massive 163,759,136 (163.75M) SHIB were transferred to the “inferno” addresses by the Shiba Inu Community-led burn initiatives.

In the last 24 hours alone, Shib Army removed 31,197,422 (31.19M) SHIB through eighteen different transactions.

The Mysterious Wallet Burned the Most Shiba Inu tokens in the Past 24 Hours

In the last 24 hours, the wallet spent 26 million Shiba Inu in seven different transactions.

The anonymous wallet handled the day’s largest burn transaction, according to the information given by Etherscan.io, around 11 hours before press time. 

The wallet delivered a sizeable 10,400,000 (10.40M) SHIB to the null address in the transaction mentioned above.

From the same wallet, which is still holding 93,600,000 (93.60M) SHIB as of the time of writing, additional burn transactions can be discovered soon.

As previously reported, Shiba Inu was among the top three most-watched crypto assets on Binance. 

Shibarium’s Beta will “soon” be released, according to the top Shiba Inu developer today.

After Binance, Cryptocom, and Kucoin demonstrated their holdings of 1.69 trillion Shib, CoinEx did the same.

Shiba Inu currently trades at $0.00000868, up 2.73% from the previous day, and has a 24-hour trading volume of $133,712,338 ($133.71M).

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