HomeCrypto NewsMarket17M Shiba Inu Burnt in a Day As Uniswap Related Wallet Burns 12M Shib

17M Shiba Inu Burnt in a Day As Uniswap Related Wallet Burns 12M Shib

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Over 17.43 Million Shiba Inu (SHIB) burned in the past 24 hours.

Shiba Inu Community burned a considerable amount of Shiba Inu over the last day. As per Shibburn.com, 17,434,272 (17.43M) has been sent to the dead wallet via eight separate transactions in the past 24 hours.

The two major burn transactions come from the wallet associated with the decentralized cryptocurrency exchange Uniswap. The first transaction resulted in the permanent removal of 6,111,360 SHIB from circulation, and the second transaction resulted in the destruction of another 6,153,724 SHIB. As per data provided by Etherscan.io data, both burn transactions were performed about 10 hours ago from press time.

Despite the said major burn transactions, the overall Shiba Inu’s burn rate dropped -26.24% compared to the previous day.

Shiba Inu Burn Rate Dropped 2624 Percent Over the Last Day
Shiba Inu Burn Rate Dropped 2624 Percent Over the Last Day

Overall, as per the data from the official website of Shibburn.com, a humungous amount of SHIB tokens, 410,384,664,783,380 (410.38T) have been permanently removed from circulation so far. Whereas, the total number of SHIB that are still in circulation is 571,666,649,767,961 (571.66T).

Shiba Inu once again becomes the “top trend” on the most popular crypto data aggregating website CoinMarketCap (CMC). As reported earlier by The Crypto Basic, the development comes after the lead developer, Shytoshi Kusama, included the word “Shibarium” in his Twitter bio. This has led to speculation and anticipation among the community surrounding the launch of a new solution called Shibairum – Layer 2, which the team had previously announced but not yet released.

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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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