Advertisement
AD

Main navigation

134 Million SHIB Burned, While Shiba Inu Holds as Largest Asset in USD

Advertisement
Tue, 28/06/2022 - 11:56
134 Million SHIB Burned, While Shiba Inu Holds as Largest Asset in USD
Cover image via stock.adobe.com

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.

Read U.TODAY on
Google News
Contents
Advertisement

According to a recent tweet posted by the account of the burn platform that also tracks down burns of other projects, Shibburn, over the past 24 hours, slightly over 134 million meme coins have been removed from circulation by being sent to dead wallets.

While the community keeps destroying SHIB, whales are increasing their holdings of this token, making it their biggest asset by USD value.

Large amount of SHIB gets burned

Shibburn has reported that during the period of the past 24 hours, various burn projects have gotten rid of 134,370,659 Shiba Inu coins in total by moving them to unspendable wallets to be locked permanently.

It has taken the participants 14 transactions to remove that many Shiba Inu canine tokens.

According to the website of the aforementioned tracking platform, the burn rate of SHIB has increased by 10.19% compared to the previous 24-hour burn count.

Burning SHIB through Amazon Audible

Four days ago, game dev Travis Johnson offered the SHIB community to join him in burning Shiba Inu via Amazon Audible on his Travis Johnson Twitter page.

Each registration of a new participant via his referral link gives him a $5 bounty, which equals half a million SHIB.

This Sunday, as part of his weekly burns, the developer of games for smartphones destroyed more than 61 million Shiba Inu, according to a recent tweet.

Related
I'm Waiting for Bitcoin to Test $1,100: Robert Kiyosaki

SHIB is whales' largest holding

As per WhaleStats website that tracks down the 100 largest wallets on Ethereum, BSC and other blockhains, Shiba Inu remains the top holding of whales who are invested in ETH-based tokens.

The second largest meme cryptocurrency holds first place by U.S. dollar volume among their crypto holdings.

As of this writing, these investors are holding $558,818,957 in Shiba Inu. That equals 51,127,077,493,138 tokens and 14.99% of their comprised crypto portfolio.

USDC sits in second place after Shiba Inu on this list of crypto holdings, with new meme token ShibDoge holding third place here. Whales are holding $384,780,192 worth of this token.

That is 10.32% of their total portfolio, according to the website. It is followed by USDT, and Shiba's regular rival FTX Token holds fifth place this time with the stash comprising 9.82% of whales' portfolio—that is $366,038,115 worth of FTT.

SHIBwhalesETH_00sjkfnjswrrfw4ee4w
Image via WhaleStats
Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles