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HomeCrypto NewsOne Wallet Burns 20M SHIB, 37M Shiba Inu Burned in 24 Hours,...

One Wallet Burns 20M SHIB, 37M Shiba Inu Burned in 24 Hours, Rewards 19M

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Over the course of the last 24 hours, eight different burn transactions totaling 37.45 million SHIB were carried out by the Shiba Inu Community. One wallet consumes 19.8 million SHIB. 

Read article: New SHIB Whale Born as 1.2T Shiba Inu Transferred to Wallet

19.8M SHIB Burned by a Single Wallet

A massive 19.86 million SHIB were transferred in one go to the “inferno” addresses by the Major Community-led SHIB Burn Project.

Recently, “SHIB Super Store,” the most popular SHIB Burn Project, announced a significant burn transaction. According to the report, the individual burn project used the SHIB Burn Portal to complete a big transaction that permanently removed a startling 19,862,288 (19.86M) SHIB from circulation just a short while ago.

Afterward, SHIB Super Store announced that, in addition to Burn, the project has successfully given out 19,000,000 (19M) SHIB to community members.

Read also: Fresh Whale Acquires 648B Shiba Inu, Claiming the 66th Largest Holder Spot

According to the SHIB Super Store’s official Twitter account, the initiative has obliterated a great 3,271,044,875 (3.27B) SHIB. Since November 2021, the project has been devoted to burning SHIB, continually demonstrating its dedication to doing so in the upcoming years.

Regardless, the second-largest canine-themed cryptocurrency in the world, SHIB, continues to attract millions of dollars from wealthy investors. A massive 555,818,134,743 (555.81B) SHIB was amassed by two powerful Shiba Inu Whales in exchange for $5,442,787 ($5.44M).

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