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Half Billion SHIB Burnt by Shiba Community: Report

News
Sat, 05/21/2022 - 20:00
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Yuri Molchan
Another impressive stash of Shiba has been sent to unspendable wallets but the price continues to go down
Half Billion SHIB Burnt by Shiba Community: Report
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In a recent tweet, Shibburn crypto tracking platform stated that in the past 24 hours, nearly half a billion Shib tokens have been shifted to dead addresses to be forever removed from the circulating supply.

Nearly billion Shiba Inu coins destroyed

As per a recent tweet, since last morning, a total of 440,626,338 of Shiba Inu canine tokens was moved to wallets from which they cannot be spent, taking 55 transfers.

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Within a few hours after this report, another 32,650,000 SHIB was burned in merely 2 transactions, according to Shibburn.

Despite regular massive burns, the second biggest meme token is trading minus 2.79 percent over the past 24 hours, dropping to $0.00001157.

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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.