Shiba Inu’s daily burns are on the rise.
Over 52.28 Million Shiba Inu has been burned in the past 24 hours as SHIB becomes the biggest gainer in the top 20 cryptocurrencies.
The Shiba Inu Community has sent a substantial amount, totaling 52,280,070 (52.28M) SHIB to a non-spendable address, referred to as a “dead” wallet through 15 separate transactions in the last 24 hours.
In the past 24 hours, there have been a total of 52,280,070 $SHIB tokens burned and 15 transactions. Visit https://t.co/t0eRMnyZel to view the overall total of #SHIB tokens burned, circulating supply, and more. #shibarmy
— Shibburn (@shibburn) January 18, 2023
As reported earlier by The Crypto Basic, a large amount of Shiba Inu was eliminated by an unknown wallet. The wallet sent a staggering 36,423,403 (36.42M) SHIB to the “inferno” address in a single transaction, removing them permanently from circulation.
Shiba Inu’s Impressive Price Rise and Market Performance
Shiba Inu experienced a significant increase in value over the past 24 hours and has become one of the biggest performers among the top 20 cryptocurrencies. The current price of Shiba Inu is $0.00001257 up 19.82% over the last day with a trading volume of $823,503,561 ($823.50M) over the past 24 hours.
This astronomic rise in value has allowed SHIB to surpass Litecoin (LTC) and Polkadot (DOT) in terms of market capitalization and move up to the 12th spot as one of the largest cryptocurrencies in the world.
Moreover, SHIB has become the most heavily traded token among the top 100 biggest ETH whales, according to data from WhaleStats. Additionally, it has overtaken Curve DAO Token (CRV) in terms of trading activity among these major holders.
Check the top 100 whales here: https://t.co/N5qqsCAH8j
— WhaleStats (tracking crypto whales) (@WhaleStats) January 18, 2023