Wednesday, November 30, 2022
HomeCrypto NewsMarket26M Shiba Inu Burnt In 24 Hours, 10 Million By One Wallet

26M Shiba Inu Burnt In 24 Hours, 10 Million By One Wallet

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Over 26.24 Million SHIB has been moved out of circulation forever in the past 24 hours, and 10.36 Million in one transaction.

Shiba Inu Community continues to burn millions of canine-themed tokens every day. recently revealed that SHIB Army sent 26,248,144 (26.24M) SHIB to the “inferno” addresses via five separate transactions in the past 24 hours, increasing the burn rate to over 238.93%.

The data further illustrates that the mysterious wallet is responsible for the surge in burn volume. The mysterious wallet became active about 5 hours ago and destroyed a whopping 10,364,304 (10.36M) in one significant transaction.

Following the burn, the total amount of SHIB locked in a dead wallet reaches a herculean 410,382,320,191,699 (410.38T) SHIB are now locked in a dead wallet which makes 41.0337% of Shiba Inu’s initial supply of 1 quadrillion Shiba Inu.

Shiba Inu’s total supply currently stands at 589,617,679,808,300 (589.61T), with a current circulating supply of 561,096,139,541,752 (561.09T). The remaining 28,521,540,266,548 (28.52T) SHIB is staked by the deep-pocketed SHIB investors in ShibaSwap.

Shiba Inu Burn
Shiba Inu Burn

Besides burning activity, the Whales are putting their interest in accumulating Shiba Inu tokens. A few hours ago, the biggest Shiba Inu whale scooped up a herculean 205,815,302,436 (205.81B) SHIB, worth $2,506,829 ($2.50M) via two robust transactions.

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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.

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