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HomeCrypto NewsMarket200M More Shiba Inu Burned Following Yesterday's Burning of 2B Tokens

200M More Shiba Inu Burned Following Yesterday’s Burning of 2B Tokens


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Shiba Inu (SHIB) Goes Up in Flames, 2.20 Billion Tokens Burned in 24 Hours.

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Shiba Inu has been undergoing an unusual burn activity since yesterday. It all started when the contract wallet called “Shiba Inu: Deployer 2” burned an astounding amount of 2 Billion Shiba Inu tokens (SHIB) via several transactions, as reported earlier by The Crypto Basic.

However, the contract wallet didn’t stop there and transferred an additional 204,313,475 (204.3M) SHIB to the dead wallet through three separate transactions.

This has resulted in 2,204,313,475 (2.20B) SHIB burned in just one day.


The Shiba Inu Community continues to speculate about the reason behind the recent burn activity. Many believe it could be related to the Shibarium launch; however, no official confirmation or statement has been made. In a recent tweet, Shiba Inu’s lead developer, Shytoshi Kusama, advised the community to wait for official announcements and not to jump to conclusions.

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It is essential to note that other factors may be at play, and more information will likely be released in the coming days.

As of press time, Shiba Inu is trading at the price of $0.00001007, down -8.01% over the last day with a 24-hour trading volume of $424,364,821 ($424.36M).

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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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