Over 27.61 Million Shiba Inu (SHIB) burned in the past 24 hours, 14.37 Million by a single wallet.
Shiba Inu Community remains determined to reduce the supply of SHIB and create more value for their special token. Over the past 24 hours, the Shiba Inu Community-led burn initiatives collectively have removed a total of 27,613,608 (27.61M) SHIB from circulation forever via ten separate transactions.
In the past 24 hours, there have been a total of 27,613,608 $SHIB tokens burned and 10 transactions. Visit https://t.co/t0eRMnzx3T to view the overall total of #SHIB tokens burned, circulating supply, and more.
— Shibburn (@shibburn) March 23, 2023
The most significant burn transaction of the day comes from the mysterious wallet. The wallet sends 14,371,980 (14.37M) SHIB to the burn addresses in one robust transaction.
? 14,371,980 $SHIB -> transferred to dead wallet. https://t.co/9pcympZ8my
— Shibburn (@shibburn) March 22, 2023
Despite the massive burn, Shiba Inu’s overall burn rate declined by -96.34% over the last day.
Shiba Inu Community has set fire to 1,789,115,447 (1.78B) SHIB through multiple transactions in the past 7 days. The most significant burn transaction occurred yesterday, when Koyo (KYO), a newly launched token, sent a staggering 758,951,740 (758.95M) SHIB to the dead wallet in a single transaction. Koyo has been actively contributing towards Shiba Inu burn since March 10th and has incinerated a mind-boggling 5,364,203,658 (5.36B) SHIB as of now.
Meanwhile, BitFlyer, a leading cryptocurrency exchange based in Japan, supports Shiba Inu. To celebrate this development, BitFlyer has launched a lottery where 20 lucky winners will receive Shiba Inu tokens valued at 10,000 Japanese Yen each.
As of writing, Shiba Inu is trading at the price of $0.00001066, down -1.93% over the last day with a 24-hour trading volume of $316,951,457 ($316.95M).
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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