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HomeCrypto NewsMarket17M Shiba Inu Burnt in 24 Hours, Single Wallet Burns 10M

17M Shiba Inu Burnt in 24 Hours, Single Wallet Burns 10M

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Over 17.12 Million Shiba Inu (SHIB) burned in the past 24 hours, 10.10 Million in a single transaction.

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Shiba Inu Community collectively transferred a total of 17,120,687 (17.12M) SHIB to the dead wallet via five separate transactions in the past 24 hours.

Single Wallet Burned 10.10 Million SHIB:

The major Shiba Inu Burn transaction is executed by the mysterious wallet holding 109,899,032,414 (109.89B) SHIB. As per Etherscan.io data, about 18 hours ago, the mysterious wallet executed one significant transaction to move a notable 10,102,561 (10.10M) SHIB out of circulation forever.

Mysterious Wallet Burned 1010 Million SHIB
Mysterious Wallet Burned 1010 Million SHIB

This massive burn caused the overall Shiba Inu burn rate to go up slightly by 25.21% over the last day.

Shiba Inus Burn Rate Climbed 2521 Percent over the Last Day
Shiba Inus Burn Rate Climbed 2521 Percent over the Last Day
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Besides the Community-led Shiba Inu Burn initiatives, Binance temporarily removed a staggering 4 Trillion SHIB, worth $35,080,000 ($35.08M) from circulation by staking them into Shiba Inu decentralized exchange, ShibaSwap.

 

As per data provided by Shibburn.com, a herculean 410,384,457,192,305 (410.38T) SHIB has been burnt from the initial supply of 1 quadrillion. As a result, the total supply of SHIB is now reduced to 589,615,542,807,694 (589.61T) SHIB. Out of a gigantic total supply, 571,513,933,836,391 (571.51T) SHIB are now in circulation, whereas, 18,101,608,971,303 (18.10T) SHIB have been staked into ShibaSwap by the Community.

As of writing, Shiba Inu is trading at the price of $0.000008947, up 2.84% over the last day with a 24-hour trading volume of $439,569,010 ($439.56M).

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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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