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196.3 Million SHIB Burned in Past 7 Days, 2.5 Million Destroyed within 24 Hours

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Mon, 01/10/2022 - 10:51
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Yuri Molchan
According to recent data shared on Crypto Twitter, over the past week, almost 200 million SHIB have been destroyed
196.3 Million SHIB Burned in Past 7 Days, 2.5 Million Destroyed within 24 Hours
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According to Twitter user @shibburn, who regularly shares data from etherscan related to burned Shiba Inu tokens, over the past seven days, more than 196 million SHIB tokens have been taken out of circulation.

Over 196 million SHIB burned in past week

Overall, 196,308,991 SHIB have been sent to an unspendable Shiba Inu address over the past week, according to a recent tweet by @shibburn. That took 55 transactions.

So far, a total of over 410 trillion Shiba Inu (slightly over 41% of the supply) have been burned already out of the initial one quadrillion tokens.

Over the past eight hours, two transactions have been detected by etherscan that moved 2,256,803 Shiba Inu to a dead wallet, from which they will never be withdrawn or spent.

Every day, a significant amount of SHIB gets incinerated. Between Jan. 9 and 10, the overall amount of 13,493,759 SHIB tokens was burned.

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BabyDoge Surpasses ETH as Most-Traded Coin Among Biggest BSC Whales, Soars 16.88%

Here's how much SHIB the top 1,000 ETH wallets own

Analytics collected by the WhaleStats platform show that, at the moment, the number of SHIB holders has reached a new record of 1,130,172.

However, the biggest 1,000 Ethereum whales also like SHIB and are holding substantial amounts of it. WhaleStats says that they are storing 52,092,562,202,880 SHIB in their wallets, worth $1,496,273,214. That is 14.4% of their crypto holdings.

FTX token is in a slightly higher position, second after Ethereum, and constitutes 14.52% of ETH whales' crypto riches. All in all, the biggest 1,000 ETH whales are holding $1,506,665,200 worth of FTX tokens.

UNI remains the most widely held token, and LINK the most traded coin.

Whales buy another 6.5 billion SHIB

As reported by U.Today over the weekend, on Saturday, crypto whales purchased a staggering 6.5 billion SHIB within a single hour. It took them two transactions: 4,085,088,583 SHIB from Binance and 2,533,125,045 SHIB from KuCoin exchange.

One of these whales holds 367,052,255,525 SHIB in their wallet, which is equal to approximately $10,839,053.

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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.