Monday, December 5, 2022
HomeCrypto NewsMarketSingle Wallet Burns 76M Shib, While Shiba Inu Becomes Top Purchased Crypto...

Single Wallet Burns 76M Shib, While Shiba Inu Becomes Top Purchased Crypto Among ETH whales

- Advertisement -

Burning and whale buying for Shiba Inu continue.

Shiba Inu (SHIB) made its way to the list of “Top Purchased Cryptocurrencies” among the 500 biggest ETH Whales as the Burn rate for the most popular canine-themed cryptocurrency skyrockets over 800% in the past 24 hours.

The dedicated SHIB Burn Project,, recently reported that Shiba Inu Community set fire to a total of 128,699,420 (128.69M) in 8 separate transactions in the past 24 hours.

Travis Johnson’s SHIB Super Store and one of the mysterious wallets destroyed a record 125,041,092 (125.04M) SHIB in two separate transactions and are recognized as Top SHIB Burner of the Day. As a result, SHIB Burn Rate skyrockets 800.48% over the last day.

SHIB Burn Rate 1
SHIB Burn Rate

Travis Johnson’s SHIB Super Store Weekly Burn Event:

As usual, SHIB Super Store, an individual SHIB Burn initiative owned by Travis Johnson, organized its Weekly Burn Event on Sunday, September 25th, 2022.  Through this event, the SHIB Super Store put a match to 48,551,598 (48.55M) SHIB, worth about $531 in one significant transaction.

Mysterious Wallet Burned 76.48 Million SHIB:

Further adding fuel to the fire, the Mysterious wallet turned 76,489,494 (76.48M) SHIB to ashes while sending them to the “inferno” addresses in one staggering transaction.

By taking a deep look into the Wallet, reveals that the individual continues to contribute towards SHIB Burning for the past couple of months and already has burned millions of SHIB tokens through various transactions. However, the Mysterious Wallet still holds 383,752,124 (383.75M) SHIB.

Mysterious Wallet SHIB Burns
Mysterious Wallet SHIB Burns

The data indicate that SHIB Army could expect a few more SHIB Burn transactions from this wallet shortly.

Shiba Inu (SHIB) Becomes Biggest ETH Whales’ Favorite in the Past 24 Hours:

The blockchain data tracking website, WhaleStats recently reported that Shiba Inu led its way to become one of the top purchased cryptocurrencies among the 500 biggest ETH Whales in the past 24 hours.

According to WhaleStats, the 500 Biggest ETH Whales combined are now holding a whopping $136,934,389 ($136.93M) Worth of Shiba Inu in their wallets.

- Advertisement -
Zabi is crypto enthusiastic with more than 10 years of experience in managing Google News-approved Finance websites. Zabi has a strong background in finance with a thorough understanding of cryptos and a solid grip on the crypto and financial market industry. Along with his passion for crypto writing, Zabi manages his personal stock and finance-related Google News-approved websites.

Disclaimer: The content is for informational purposes only, may include the author's personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.

- Advertisment -

Recent News & Articles

Subscribe To Our Newsletter

Get Updated with All The latest Crypto News, Articles, Reviews, Analysis and much more. Delivered Every Monday.