Over 40.87 million Shiba Inu (SHIB) burned in the past 24 hours, 14.62 million by a single wallet.
Shiba Inu witnesses a sharp decline in burn rate as over 40.87 million SHIB tokens go up in flames. Coinbase-associated wallet emerges as the top SHIB burner of the day.
Shibburn.com data reveals that the Shiba Inu Community has set fire to a total of 40,877,932 (40.87M) SHIB through twelve separate transactions in the past 24 hours.
In the past 24 hours, there have been a total of 40,877,932 $SHIB tokens burned and 12 transactions. Visit https://t.co/t0eRMnyZel to view the overall total of #SHIB tokens burned, circulating supply, and more.
— Shibburn (@shibburn) May 25, 2023
This represents a -97.30% decrease in Shiba Inu’s burn rate compared to the previous day, where a staggering 1,350,604,128 (1.35B) SHIB were removed from circulation forever through hundred individual transactions.
Coinbase-associated Wallet Burns 14.62M SHIB:
The biggest burn transaction of the day comes from the Coinbase-associated wallet tagged, “Coinbase 10”. The wallet sent a whopping 14,628,437 (14.62M) SHIB to the inferno address in a single transaction executed about 5 hours ago from press time.
? 14,628,437 $SHIB -> transferred to dead wallet. https://t.co/RNzXt99ZEB
— Shibburn (@shibburn) May 24, 2023
This significant burn transaction brings the total number of burned SHIB tokens to 2,688,277,511 (2.68B) in the past 7 days.
On the other hand, Shiba Inu’s mainstream adoption continues to rise. As reported earlier by The Crypto Basic, Brave Wallet, a multi-chain cryptocurrency wallet has joined forces with BitPay to facilitate Shiba Inu payments at over 250 retailers worldwide.
In addition, LunarCrush, a leading social intelligence platform has added support for SHIB on its trading platform, LunarCrush Trade.