Every day millions of Shiba Inu burns continue.
Over 213.06 Million Shiba Inu (SHIB) were burnt by the Shiba Inu Community within the past 24 hours. The burn rate for the Shiba Inu token accelerates as one of the mysterious wallets has incinerated 111.63M SHIB in two separate transactions.
As per a recent tweet from Shibaburn.com, the Shiba Inu Community has burned a whopping total of 213,067,021 (213.06M) SHIB tokens in 14 separate transactions in the past 24 hours.
In the past 24 hours, there have been a total of 213,067,021 $SHIB tokens burned and 14 transactions. Visit https://t.co/t0eRMnhnPL to view the overall total of #SHIB tokens burned, circulating supply, and more. #shibarmy
— Shibburn (@shibburn) August 24, 2022
The burn rate for the most popular canine-themed cryptocurrency, Shiba Inu, spiked over 99% as one of the mysterious wallets sent a total of 111,635,927 (111.63M) to the “inferno” addresses in two separate transactions.
According to our search, Etherscan data shows that in the first transaction, the mysterious wallet incinerated 61,708,497 (61.70M) SHIB. After a few hours, the same wallet performed a second transaction and took out 49,927,430 (49.92M) SHIB from circulation forever, Etherscan.io reports.
At press time, Shiba Inu is trading at the price of $0.00001319, up 1.65% over the last day, with a 24-hour trading volume of $404,761,025 ($404.76M).
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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