HomeCrypto NewsMarket44 Million Shiba Inu Burnt In A Day, Wallet Holding 326B Shib Burns 10M

44 Million Shiba Inu Burnt In A Day, Wallet Holding 326B Shib Burns 10M

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Over 44.32 Million Shiba Inu has been burned in the past 24 hours, 10.67 Million in a single transaction.

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Shib Army collectively sent a whopping 44,328,245 (44.32M) SHIB to the dead wallets via 11 separate transactions in the past 24 hours.

 

Mysterious Wallet Burned 10.67 Million SHIB:

The mysterious wallet performed a major burn transaction of the day. As per Etherscan.io data, the mysterious wallet has taken out a total of 10,674,214 (10.67M) SHIB from circulation forever in one significant transaction executed about 5 hours ago.

Mysterious Wallet Burned 1067 Million SHIB
Mysterious Wallet Burned 1067 Million SHIB

The wallet might burn some more of the SHIB in the upcoming days as the unknown wallet still holds a humungous 326,307,743,664 (326.30B) SHIB, worth $3,050,977 ($3.05M).

Mysterious Wallet Still Holds 305 Million USD Worth of SHIB
Mysterious Wallet Still Holds 305 Million USD Worth of SHIB

1Cent Token Burned 3.90 Million SHIB

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The most prominent Community-led SHIB Burn initiative, “1Cent,” executed a second big burn transaction of the day. 1Cent token recently organized a Weekly Burn Event and destroyed 3,909,602 (3.90M) SHIB in a single transaction. As per Etherscan.io, the transaction was executed about 11 hours ago.

1Cent token also reported a burn of 45 Bone ShibaSwap (BONE) in a separate transaction. BONE is the governance token of the Shiba Inu Ecosystem that would be used as a native Gas token on the much-awaited Shibarium Protocol.

 

Despite the massive burns, Shiba Inu is trading in the red. As of writing, SHIB is trading at the price of $0.000009349, down -4.51% over the last day, with a 24-hour trading volume of $182,094,481 ($182.09M).

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Zabi
Zabi
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.

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