Over 26.24 Million SHIB has been moved out of circulation forever in the past 24 hours, and 10.36 Million in one transaction.
Shiba Inu Community continues to burn millions of canine-themed tokens every day. Shibburn.com recently revealed that SHIB Army sent 26,248,144 (26.24M) SHIB to the “inferno” addresses via five separate transactions in the past 24 hours, increasing the burn rate to over 238.93%.
? 10,364,304 $SHIB -> transferred to dead wallet. https://t.co/BH1wN8HmkU
— Shibburn (@shibburn) November 3, 2022
In the past 24 hours, there have been a total of 26,248,144 $SHIB tokens burned and 5 transactions. Visit https://t.co/t0eRMnyZel to view the overall total of #SHIB tokens burned, circulating supply, and more. #shibarmy
— Shibburn (@shibburn) November 3, 2022
The data further illustrates that the mysterious wallet is responsible for the surge in burn volume. The mysterious wallet became active about 5 hours ago and destroyed a whopping 10,364,304 (10.36M) in one significant transaction.
? 10,364,304 $SHIB -> transferred to dead wallet. https://t.co/BH1wN8HmkU
— Shibburn (@shibburn) November 3, 2022
Following the burn, the total amount of SHIB locked in a dead wallet reaches a herculean 410,382,320,191,699 (410.38T) SHIB are now locked in a dead wallet which makes 41.0337% of Shiba Inu’s initial supply of 1 quadrillion Shiba Inu.
Shiba Inu’s total supply currently stands at 589,617,679,808,300 (589.61T), with a current circulating supply of 561,096,139,541,752 (561.09T). The remaining 28,521,540,266,548 (28.52T) SHIB is staked by the deep-pocketed SHIB investors in ShibaSwap.
Besides burning activity, the Whales are putting their interest in accumulating Shiba Inu tokens. A few hours ago, the biggest Shiba Inu whale scooped up a herculean 205,815,302,436 (205.81B) SHIB, worth $2,506,829 ($2.50M) via two robust transactions.