144.2 Million SHIB Burned, While SHIB Becomes Token with Largest USD Value for Whales

Over the past three days, over 144 million SHIB tokens have been taken out of circulation

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Thu, 10/02/2022 - 9:51

144.2 Million SHIB Burned, While SHIB Becomes Token with Largest USD Value for Whales

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Data provided by the team of the Shibburn Twitter account shows that in the last three days, 144.2 million Shiba Inu meme tokens have been moved to a dead wallet by various members of the SHIB community in order to push the second largest canine crypto to surge to a new all-time high.

144.2 million SHIB destroyed

The combined sum of of 144.2 million SHIB have been burned, as per the tweets shared by the Shibburn user, on Feb. 7, 8 and 9, to the tune of 56.3 million, 36.8 million and 46.7 million coins.

To add to that, in the last 24 hours, another 4,441,908 Shiba Inu were moved out the circulating supply in five transactions. By now, the overall burned amount of these meme tokens is equal to 410,302,160,108,630. There are still 548,973,043,170,104 SHIB in circulation.

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A total of 40,724,796,721,265 Shiba Inu tokens have been staked.

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SHIB holds the position of biggest token by USD value

According to the website of on-chain data service WhaleStats, SHIB is now the biggest token in the portfolio of the top 1,000 Ethereum whales by USD value.

The percentage of Shiba Inu in the wallets of the aforementioned whales is 16.62, which is worth an amazing $1,773,025,189. FTX Token (FTT) follows it with 16.2%, totaling $1,728,122,010.

SHIB is in second place in the top 10 holdings after Ethereum, the second largest digital currency.

#Shiba Inu (SHIB) News #Token Burn #Cryptocurrency Whales

About the author

Yuri Molchan

Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. He has written for multiple crypto media outlets. His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.