Shib Burn Rate Skyrockets as Mysterious Wallet Burned 101.66 Million Shiba Inu in One Transaction.
The burn rate for Shiba Inu (SHIB) has spiked 203.03% in the past 24 hours as the mysterious wallet incinerated 101.66 million SHIB in one significant transaction. Overall, the Shiba Inu Community was able to destroy 133 million Shiba Inu tokens.
Shibburn.com, the official SHIB Burn tracker, reported that the Shiba Inu Community has sent a noteworthy total of 133,006,651 (133M) SHIB to the “inferno” addresses in 18 separate transactions in the past 24 hours.
In the past 24 hours, there have been a total of 133,006,651 $SHIB tokens burned and 18 transactions. Visit https://t.co/t0eRMnyZel to view the overall total of #SHIB tokens burned, circulating supply, and more. #shibarmy
— Shibburn (@shibburn) August 19, 2022
The unknown wallet contributed a major amount and burned a total of 101,660,453 (101.66M) SHIB in one significant transaction.
— Shibburn (@shibburn) August 18, 2022
Soon after the transaction, the Shiba Inu burn rate spiked a whopping 203.03%, Shibburn reports
Shiba Inu Becomes the 3rd Most Followed Cryptocurrency on Twitter:
Following Binance Coin (BNB) and Bitcoin (BTC), Shiba Inu has become the 3rd most followed cryptocurrency with over 3.45 million followers. Binance Coin (BNB) holds the top spot with 9.32 million followers, whereas Bitcoin (BTC) is standing at the second spot with 5.47 million followers.
At press time, Shiba Inu is trading at the price of $0.00001297, down -12.83% over the last day, with a 24-hour trading volume of $794,623,447 ($794.62M).