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HomeCrypto NewsMarketSingle Wallet Burns 26M Shiba Inu, 31M Gone in 24 Hours, 163M In a Week

Single Wallet Burns 26M Shiba Inu, 31M Gone in 24 Hours, 163M In a Week

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The Shiba Inu community is continuously pushing to burn the Shib supply.

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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.

Past 24 Hours

Shib Army collectively removed 31,197,422 (31.19M) SHIB through eighteen separate transactions in the past 24 hours alone.

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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.

Mysterious Wallet Burned 26 Million Shiba Inu in the past 24 hours
Mysterious Wallet Burned 26 Million Shiba Inu in the past 24 hours

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.

Mysterious Wallet Holds 9360 Million SHIB
Mysterious Wallet Holds 9360 Million 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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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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