Main navigation

213.6 Million SHIB Burned in 10 Transactions, Half Billion to Be Gone on March 15

Fri, 03/04/2022 - 11:31
article image
Yuri Molchan
Over 210 million Shiba Inu have been destroyed, while more than twice as much is going to be burned in 11 days
213.6 Million SHIB Burned in 10 Transactions, Half Billion to Be Gone on March 15
Cover image via stock.adobe.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Read U.TODAY on
Google News
Contents

The SHIB community continues removing SHIB tokens from circulation, according to data spread by @shibburn service that aggregates data on SHIB burns from etherscan. Over the past day, a substantial amount of over 213.6 million SHIB has been sent to dead-end addresses from which coins cannot be spent or withdrawn.

Beyond that, a major SHIB burner intends to destroy at least 514.5 million Shiba Inu in slightly less than two weeks.

213.6 million burned in just 24 hours

As per a recent tweet by @shibburn, a comprised 213,640,225 Shiba Inu (the second most popular meme cryptocurrency after Dogecoin on the market) has been locked in so-called dead crypto addresses.

It took the burn teams just 10 transactions to remove that amount of meme crypto. That was the equivalent of $5,360.

@shibburn aggregates all SHIB burn transactions from etherscan on their website. According to that info, 12 hours ago, Shibburn.com itself incinerated more than half of the aforementioned sum of crypto—150,000,000 SHIB.

Besides, on March 2, two SHIB burn businesses destroyed 15 million coins each: Shiba Coffee Company and Smile Lab Games.

The Shiba Inu community gave them a shoutout on Twitter.

Related
442.6 Billion SHIB Purchased by Major ETH Whale "Gimli," Now He Holds 1 Trillion SHIB

514.5 million SHIB to go on March 15

The official Twitter page for the Travis Johnson SHIB burn games company has announced that by March 1, they had acquired $12,806 worth of SHIB for their upcoming burn event. The company uses revenue from advertising in their games to acquire Shiba Inu and then burn it.

Thus, at least 514,503,816 SHIB will be destroyed in roughly 11 days by this company.

article image
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.

m class="card__subscribe-form" method="post" action="#" id="subscribe">

Popular