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HomeCrypto NewsMarket139M Shiba Inu Burnt In One Transaction, 174M In 24 Hours

139M Shiba Inu Burnt In One Transaction, 174M In 24 Hours

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Shiba Inu Community Burnt 174.08 Million Shiba Inu (SHIB) in 24 Hours.


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Over 174.08 Million Shiba Inu (SHIB) have been burned by the Community using SHIB Burn Portal in the last 24 hours, including a single transaction burn of 139.85 million shib coins.

The burn tracking website, Shibburn recently reported that the Community sent a whopping total of 174,089,136 (174.08M) to dead wallets through 15 separate transactions in the past 24 hours.

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Mysterious Wallet Burned 139.85 Million Shiba Inu:

The newly created mysterious wallet has incinerated a massive total of 139,854,341 (139.85M) SHIB, in one significant transaction.

Etherscan.io data shows that the mysterious wallet has performed a total of 3 transactions in the past 24 hours. In the first two transactions, the wallet purchased 139.85 million SHIB tokens. After 1 hour of purchase, the wallet performed the third transaction and sent all of the purchased tokens to the “Null Address,” reducing the total circulating supply of popular canine-themed cryptocurrency by 139,854,341 SHIB.

So far this week, a total of 316,070,361 (316.07M) SHIB has been sent to the “inferno” addresses by the community through 45 separate 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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Mark Brennan
Mark Brennanhttps://thecryptobasic.com/
Mark Brennan has been active in the cryptocurrency sector since 2014. His love and passion for the nascent industry drove him to develop interest in writing about important developments and updates about cryptocurrencies and blockchain. Brennan, who holds a Masters degree in Business Administration, learned about the potential of blockchain technology. Aside from crypto journalism, Brennan runs an education center, where he educates people about the asset class.

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