Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
The @shibburn tracker on Twitter has reported that since Wednesday, a close to 112.5 million Shiba Inu tokens have been destroyed by various communities within the SHIB army.
Along with this, a major SHIB burner has tweeted that so far this in February almost 435 million meme tokens have been burned.
In the meantime, SHIB is slowly recovering after today’s decline that followed a 17-percent spike on Friday.
SHIB army burns 112.5 million SHIB in past four days
As reported by the @shibburn Twitter account, a comprised 112.46 million SHIB has been destroyed since Wednesday. The tokens were moved to several dead addresses which prevent anyone from withdrawing tokens from them and from withdrawing them too. Similar technology is used for “burning” other cryptocurrencies as well.
The biggest single SHIB lumps that have been incinerated carried 44,444,444 SHIB, 10,000,000 SHIB, 25,500,000 and 11,111,111 SHIB tokens.
This SHIB burner destroys 433 million SHIB this month
Twitter account @317_key that represents Travis Johnson SHIB burn games and makes regular Shiba Inu burns has spread the word that so far in February they have managed to destroy a $10,770 worth of the second biggest meme token by market capitalization – Shiba Inu.
This is the equivalent of 433,924,254.
The company is buying SHIB with part of their revenue from ads placed in games from smartphones.
Later on, the account posted an update to say that the final amount of SHIB burned in February so far totals 457,137,064 tokens – that is worth $11,273.
Update!
— Accomplished_Key_317 (@317_key) February 26, 2022
$11,273!
Excellent work everybody, we have a couple days left to do some more damage and take advantage of these low prices!
Website is being updated with some more data sets in the next day or two. #ShibaShowcase @ShibInformer @howtoburnshiba @shibainuart @ShibaBrew pic.twitter.com/jFWJoilG0R
Whales continue to stock up on SHIB
As covered by U.Today, two large Ethereum investors have acquired 105.7 billion Shiba Inu in total. They bought 49.9 billion and 55.8 billion SHIB, according to WhaleStats data platform.
Those are Ethereum whales ranked 11 and 1 by WhaleStats.
Alex Dovbnya
Gamza Khanzadaev
