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HomeCrypto NewsMarketSingle Wallet Burns 10M Shiba Inu, 13.8M SHIB in 24 Hours

Single Wallet Burns 10M Shiba Inu, 13.8M SHIB in 24 Hours

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Over 13.81 Million Shiba Inu (SHIB) burned in the past 24 hours, 10.45 Million by a single wallet.

Shiba Inu Community has permanently removed a total of 13,816,880 (13.81M) SHIB from circulation through five individual transactions in the past 24 hours.

SHIB Super Store

SHIB Super Store emerged as the biggest SHIB burner of the day. The prominent Shiba Inu Community-led burn project burned an impressive 10,455,764 (10.45M) SHIB in a single transaction, which occurred just three hours ago from the time of this report. The store has also announced a reward of 10.4M SHIB for the community as part of its Weekly Burn and Earn Program.

The massive burn has caused the overall SHIB burn rate to gain slightly by 131.51% over the last day, where 4,530,164 (4.53M) SHIB were transferred to the dead wallet through five distinct transactions.

Weekly Burn

The Community has burned 3,981,194,931 (3.98B) SHIB through nineteen separate transactions in the past week.

Along with burns, Shiba Inu’s mainstream adoption is rapidly gaining momentum. The adoption has received a significant boost recently with the introduction of Binance Pay’s latest WooCommerce plugin, which enables over 40% of websites on the internet to accept SHIB as a form of payment.

As reported earlier by The Crypto Basic, the Shiba Inu team is in talks with Huobi, a prominent Seychelles-based exchange, and Certik, a leading blockchain, and smart contract security company, to launch a specialized cold wallet dedicated to the Shiba Inu ecosystem.

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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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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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