Shiba Inu Community Torches Over 1.46 Billion SHIB in October 2023.
Shiba Inu’s monthly burn rate fell as the Community destroyed 1.46 billion SHIB tokens in October 2023.
Shiba Inu Community has removed 1,461,135,923 (1.46 billion) SHIB tokens from circulation over the past thirty through seven hundred and fifty-three (753) separate transactions.
??? 1,461,135,923 $SHIB tokens have been burned in the month of October with 753 transactions. #SHIB pic.twitter.com/fw6g9DQaOy
— Shibburn (@shibburn) November 1, 2023
This marks a decrease of 37.12% in burn rate compared to September 2023, where 2,323,834,085 (2.32 billion) SHIB were permanently removed from circulation via four hundred and twenty-six (426) distinct transactions.
Top SHIB Burner of the Month
Shib Dream NFT, a project powered by ShibCoOP, has emerged as the leading SHIB burner of the month. The Shib Dream NFT team incinerated 350,000,000 (350 million) SHIB tokens within the final week of October.
Thank you $SHIB Dreamers! Because of you supporting us and our #SHIB Dream NFT Collection, we are able to do this! ❤️
Mint at: https://t.co/G84Z2RAsJC
We just sent another 100,000,000 $SHIB to the inferno! ?
This makes a total of the last 2 days of 350,000,000 gone forever! https://t.co/QaIJHtcy9p pic.twitter.com/wGN9tNk3ip
— Shib Dream * Shiba Inu News * Shib Army Social ? (@theshibdream) October 29, 2023
Etherscan.io data reveals that the project still holds 100,000,000 (100 million) SHIB in its wallet, signifying that more burns are on the horizon.
Trillions of SHIB Tokens on Move
Amidst the massive burning events, top Whales continue to shuffle trillions of Shiba Inu tokens.
Whale Alert, a leading blockchain tracking platform, recently revealed that the mysterious wallet has reallocated 4,474,530,677,374 (4.47 trillion) SHIB, worth $35,357,741 ($35.35 million) to another enigmatic wallet in a single transaction. The transaction occurred about 22 hours ago from press time.
? ? 4,474,530,677,374 #SHIB (35,357,741 USD) transferred from unknown wallet to unknown wallethttps://t.co/Mqfi7J2e35
— Whale Alert (@whale_alert) October 31, 2023