Wednesday, February 1, 2023
HomeCrypto NewsShiba Inu Price Surges After 52.28M SHIB Gets Burnt in a Single...

Shiba Inu Price Surges After 52.28M SHIB Gets Burnt in a Single Day

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Shiba Inu has burned almost 52.28 million in the last 24 hours, making SHIB the top gainer among the top 20 cryptocurrencies.

In the last 24 hours, 15 different transactions totaling 52,280,070 (52.28M) SHIB were made by the Shiba Inu Community to a wallet that is no longer usable, sometimes known as a “dead” wallet.

As previously reported, a significant sum of Shiba Inu was destroyed via an unidentified wallet. An astonishing 36,423,403 (36.42M) SHIB were transferred by the wallet in a single transaction to the “inferno” address, making them worthless indefinitely.

Read article: Shiba Inu is Now Third-Best Performing Project; Rises by 21%

Market Performance and Price Rise for Shiba Inu

Shiba Inu has one of the best performances among the top 20 cryptocurrencies after seeing a considerable increase in value over the last 24 hours. With a trading volume of $823,503,561 ($823.50M) over the last 24 hours, the price of Shiba Inu is currently $0.00001257, up 19.82% from the previous day.

SHIB is now one of the major cryptocurrencies in the world, surpassing Litecoin (LTC) and Polkadot (DOT) in terms of market capitalization and rising to the 12th position.

Additionally, according to data from WhaleStats, SHIB has emerged as the token that is exchanged the most frequently among the top 100 largest ETH whales. Regarding trading activity among these significant holders, it has surpassed Curve DAO Token (CRV).

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