The Shiba Inu community is continuously pushing to burn the Shib supply.
Over 163.75 Million Shiba Inu (SHIB) has been taken out of circulation in the past week, and 31.19 Million in the past 24 hours. Single wallet carried out multiple transactions to burn 26 Million Shiba Inu.
Shiba Inu Community-led burn initiatives sent a whopping 163,759,136 (163.75M) SHIB to the “inferno” addresses through fifty separate transactions in the past week.
In the last 7 days, there have been a total of 163,759,136 $SHIB tokens burned and 50 transactions. #shibarmy
— Shibburn (@shibburn) December 18, 2022
Past 24 Hours
Shib Army collectively removed 31,197,422 (31.19M) SHIB through eighteen separate transactions in the past 24 hours alone.
In the past 24 hours, there have been a total of 31,197,422 $SHIB tokens burned and 18 transactions. Visit https://t.co/t0eRMnyZel to view the overall total of #SHIB tokens burned, circulating supply, and more. #shibarmy
— Shibburn (@shibburn) December 19, 2022
Mysterious Wallet
The mysterious wallet burned the most Shiba Inu tokens in the past 24 hours. The wallet burned 26 Million Shiba Inu through seven separate transactions in the past 24 hours.
As per data provided by Etherscan.io, the unknown wallet carried a major burn transaction of the day about 11 hours ago from press time. In the said transaction, the wallet sent a significant 10,400,000 (10.40M) SHIB to the null address.
More burn transactions can be seen soon from the same wallet as at the time of writing; the wallet still holds 93,600,000 (93.60M) SHIB.
As reported by The Crypto Basic, Binance ranked Shiba Inu among the top three most-watched crypto assets on the exchange. Top Shiba Inu’s dev revealed today that Shibarium’s Beta would “soon” launch. After Binance, Cryptocom, and Kucoin, CoinEx showed it holds 1.69 Trillion Shib in reserves.
As of press time, Shiba Inu is trading at the price of $0.00000868, up 2.73% over the last day, with a 24-hour trading volume of $133,712,338 ($133.71M).
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