Single Wallet Burns Over 1.35 Billion SHIB in Epic Burn Spree.
Shiba Inu Community has managed to get rid of more than 1 billion SHIB for the second consecutive day.
Shibburn.com data reveals that the Shiba Inu Community has permanently removed a staggering 1,350,604,128 (1.35B) from circulation through one hndred separate transactions in the past 24 hours.
In the past 24 hours, there have been a total of 1,350,604,128 $SHIB tokens burned and 100 transactions. Visit https://t.co/t0eRMnyZel to view the overall total of #SHIB tokens burned, circulating supply, and more.
— Shibburn (@shibburn) May 24, 2023
Interestingly, these burns came from a single wallet tagged “MARSWAP.”
The burning frenzy commenced approximately 13 hours ago, coinciding with the launch of a new token, MARSWAP (MSWAP), on ShibaSwap DEX. MSWAP has implemented a 1% tax on all buy and sell transactions to reduce the gigantic supply of SHIB.
MSWAP is the native token of the upcoming MARSWAP DEX, a trading platform set to launch on the much-awaited Shibarium Network.
🚨🚨OFFICIAL ANNOUNCEMENT🚨🚨$MSWAP WILL BE LAUNCHING TODAY AT 18:30 UTC ON SHIBSWAP!!! 🔥🔥
EVERY TRANSACTION WILL BURN #SHIB!
Join the telegram https://t.co/zRIrecrdkj@ShytoshiKusama @RagnarShiba @ShibaXanders @ShibariumGems @Ortiz6Mil @ShibariumNet @Shibtoken #Crypto pic.twitter.com/FfscNDnwv1
— MARSWAP (@MARSWAP1) May 23, 2023
This development marks the second consecutive day in which the Shiba Inu Community has completed the monumental task of burning over 1 billion SHIB tokens daily. As reported by The Crypto Basic, the Shiba Inu Community has managed to get rid of 1,240,951,903 (1.24B) SHIB through three separate transactions on May 23rd. Blaze Token has set fire to a record 1,238,951,893 (1.23B) SHIB in a single transaction.
Users must remember that the Shiba Inu team has nothing to do with Blzae and MARSWAP. These projects are newly born and are burning billions of SHIB to attract the community. SHIB community must remain vigilant and do thorough research when dealing with these new projects.
In other developments, the 19th biggest SHIB Whale added a whopping 121,271,415,827 (121.27B) SHIB, worth $1,073,251 ($1.07M), to her portfolio through three separate transactions. As of press time, Shiba Inu is trading at $0.000008642, down -2.05% over the last day, with a 24-hour volume of $125,993,173 ($125.99M).
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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.