Over 27.57 Million Shiba Inu (SHIB) burned in the past 24 hours, 15.57 Million by a single wallet.
Shiba Inu Community has collectively managed to remove 27,575,359 (27.57M) SHIB from circulation forever through six separate transactions in the past 24 hours.
HOURLY SHIB UPDATE$SHIB Price: $0.0000106 (1hr -0.18% ▼ | 24hr -3.36% ▼ )
Market Cap: $6,272,362,897 (-2.57% ▼)
Total Supply: 589,366,771,753,408TOKENS BURNT
Past hour: 15,575,349 (2 transactions)
Past 24Hrs: 27,575,359 (244.69% ▲)
Past 7 Days: 1,826,262,961 (-40.9% ▼)— Shibburn (@shibburn) April 21, 2023
Breakdown of Transactions
Mysterious wallet holding 2.26 Billion Shiba Inu emerges as the Top SHIB Burner of the day. Through two separate transactions, the unknown wallet has set fire to a staggering 15,575,349 (15.57M) SHIB.
The first burn transaction was executed about 2 hours ago, through which the mysterious wallet sent a meager 1,335,461 (1.33M) SHIB to the dead wallet.
1,335,461 $SHIB -> transferred to dead wallet. https://t.co/fvytK7v4U1
— Shibburn (@shibburn) April 21, 2023
About half an hour ago, the same wallet performed a separate burn transaction and put a match to a whopping 14,239,888 (14.23M) SHIB.
? 14,239,888 $SHIB -> transferred to dead wallet. https://t.co/bscI2oIfuT
— Shibburn (@shibburn) April 21, 2023
These massive burns had caused the overall burn rate to surge by 244.69% over the last day when only 8,000,000 (8M) SHIBs were permanently removed from circulation in a single transaction.
The significant burns come after the top ETH Whale, tagged “BlueWhale0073” added a humungous 311,998,734,794 (311.99B) SHIB, worth $3,325,906 ($3.32M) to her portfolio through two separate transactions.
Besides the burns Shiba Inu Ecosystem continues to make headlines as it unveils multiple exciting developments.
ShibaSwap 2.0
In a recent chat on Telegram, Shytoshi Kusama, the lead developer of SHIB, hinted at the imminent release of ShibaSwap 2.0. According to Kusama, the Shiba Inu team is working tirelessly to bring this exciting new development to life. While he remained tight-lipped about the official release date, he did confirm that it’s coming “soon.”
Binance Moves SHIB out of Innovation Zone
In another exciting development, Binance, the world’s biggest cryptocurrency exchange in terms of daily trading volume, has recognized the true potential of Shiba Inu after conducting an extensive review of the asset’s tokenomics and behavior. The exchange has declared that SHIB is no longer a mere meme coin and should be taken seriously.
As a result of this evaluation, Binance has boldly decided to remove Shiba Inu from its innovation zone, which is reserved for experimental cryptocurrencies with untested potential. This move signals Binance’s confidence in SHIB’s long-term prospects as a viable digital asset that can compete with other top cryptocurrencies.
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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