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190 Million Shiba Inu Burned Within 24 Hours As SHIB Prints Massive Green Candle

Sat, 03/19/2022 - 12:33
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Yuri Molchan
SHIB army has destroyed another large SHIB lump; meanwhile the meme coin has risen by over 5 percent
190 Million Shiba Inu Burned Within 24 Hours As SHIB Prints Massive Green Candle
Cover image via stock.adobe.com

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@shibburn account that represents the same-name tracking service of burn transactions has reported that in the past 24+ hours, almost 190 million Shiba Inu tokens has been taken out of the circulating supply.

In the meantime, the second biggest canine crypto, ranked 14 by CoinMarketCap, has shown a five-percent rise today, printing a big green candle on an hourly chart.

189.7 million SHIB incinerated

The team behind the @shibburn account has shared that within the last twenty-four hours, the SHIB community has conducted seven transactions, moving a total of 189.7 million tokens to various unspendable addresses.

The largest amount of meme tokens transferred within the aforementioned period of time was 176,035,016 Shiba Inu.

A few hours later, one more transfer carrying 8,946,544 SHIB took place, making up a comprised 189.7 million canine coins burnt by the SHIB army.

Related
SHIB Returns to Top 10 List of Cryptos Whales Are Hungry For: Details

SHIB may start trading on this Middle East exchange

As reported by U.Today previously, Rain crypto exchange located in the Middle East is considering whether it should list the meme cryptocurrency.

The Twitter account of the exchange has recently stated this question to the SHIB army in a tweet.

The platform has recently raised a whopping $110 million in an investment round from Paradigm – a crypto-focused investment company from San-Francisco.

Rain intends to use the money to expand its business in Turkey and Pakistan.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and 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.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.