Over 44.32 Million Shiba Inu has been burned in the past 24 hours, 10.67 Million in a single transaction.
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.
In the past 24 hours, there have been a total of 44,328,245 $SHIB tokens burned and 11 transactions. Visit https://t.co/t0eRMnyZel to view the overall total of #SHIB tokens burned, circulating supply, and more. #shibarmy
— Shibburn (@shibburn) December 6, 2022
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.
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).
1Cent Token Burned 3.90 Million SHIB
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.
#1CentEcosystem
Seguimos cumpliendo con las quemas semanales…
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SHIB 3,909,602https://t.co/jzIrbvnDIH
BONE 45https://t.co/7yhMQswb6o
ADA 87https://t.co/jzIrbvnDIH#SHIB #bone #CardanoCommunity #Altcoins #BSC #BTC #Crypto #cryptocurrency #SHIBARMY #Certik pic.twitter.com/6T25tqGPKI— 1Cent (@1Cent_token) December 5, 2022
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).
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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