Over 404.39M Shiba Inu (SHIB) Tokens Burnt Within the Past 24 Hours; Newly Emerged Token ETH SHIBA Claimed the Biggest Burn Share.
Over 404.39 million Shiba Inu (SHIB) tokens have been sent to the dead wallet and are taken out of circulation forever in 5 transactions within the period of the last 24 hours.
As per a recent tweet from the SHIB burn tracking website, Shibburn.com, community-led initiatives have been able to burn a total of 404,393,504 (404.39M) SHIB in the past 24 hours with 5 transactions.
In the past 24 hours, there have been a total of 404,393,504 $SHIB tokens burned and 5 transactions. Visit https://t.co/t0eRMnyZel to view the overall total of #SHIB tokens burned, circulating supply, and more. #shibarmy
— Shibburn (@shibburn) March 30, 2022
Out of such a massive burn in 1 day, ETH SHIBA, a new token supporting SHIB burn, has acclaimed the most significant share of burning, i.e., a whopping 400,603,675 (400.60M) SHIB via its recent tweet.
ETH SHIBA reportedly has organized a weekly burn event on Tuesday (29th March 2022). Through this event, the team behind the newly emerged token have sent 400,603,675 SHIB to the dead wallet. Shibburn.com has also verified the transaction.
Hey it's us again! Have a great week @Shibtoken #SHIBARMY https://t.co/qRcS1pqiEa
— ETH SHIBA (@eth_shiba) March 29, 2022
The ETH SHIBA claims that the token fulfills its promise of burning SHIB. Since its launch (20 days ago), the token has been able to burn a whopping 1,526,309,086 (1.52B) SHIB.
In our first 20 days since launch we have BURNT 1,526,309,086 $SHIB ?? and announcing our first #EXCHANGE LISTING tomorrow ?? #ETHSHIBFAM #1BillionSHIBBurnt
— ETH SHIBA (@eth_shiba) March 29, 2022
Soon after the Weekly burn event, ETH SHIBA disclosed a major announcement to its holders and followers to make the project more trustworthy.
The newly emerged token declared that it would be listed on its first CEX listing in the coming days. However, the name of CEX is not disclosed by the team yet but provided a hint that the CEX on which ETH SHIBA is going to list is among one of the top 100 listed on CoinMarketCap (CMC). The team will reportedly come up with the formal announcement on 31st MARCH 2022.
Readers should note that ETH SHIBA has no official relation with Shiba Inu (SHIB) token itself and has no more importance than a project which is on the mission to accelerate the burning rate of SHIB per day. Therefore, investors should have to do their research (DYOR).
On the other hand, Ethereum Whales are accumulating SHIB tokens aggressively. In the last 24 hours, over 622.05 billion SHIB tokens worth $16.72 million have been accumulated by three top Ethereum (ETH) whales in a total of 4 transactions.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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