225 Million SHIB Burned As Burn Rate Soars 414% Overnight
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.
Shib army continues its crusade on reducing the supply of Shiba Inu tokens in circulation. Over the past 24 hours, another massive portion of this meme coin close to a quarter of a billion has been burned.
Around 150 million SHIB from this stash was burned in a single lump.
225.2 million SHIB removed
Shib burn tracker with its own website, Shibburn, has spread the word that various initiatives within the SHIB community have managed to destroy 225,119,416 canine crypto tokens within the last 24 hours.
The largest single transaction here carried a total of 149,999,999 SHIB. The burn rate thanks to this has soared by over 414 percent compared to the previous 24 hour period of burning.
The community keeps burning Shiba Inu with a goal to reduce its circulating supply and thus take the coin’s price to new highs.
Yuri MolchanHere’s how much SHIB is burned altogether
By now, as per the data provided on the website of Shibburn, 410,375,148,136,020 SHIB have been sent to dead end wallets and left their permanently without a chance of withdrawal.
558,109,928,508,126 Shib tokens continues to circulate in the crypto market with 558,109,928,508,126 coins staked at various DeFi platforms.
Related articles
Gamza Khanzadaev
Godfrey Benjamin
Dan Burgin
Alex Dovbnya
Vladislav Sopov