Main navigation

Nearly 200 Million SHIB Burned as Shiba Inu Reaches This Big New Milestone

Tue, 01/03/2023 - 09:39
article image
Yuri Molchan
Little less than a quarter of a billion Shiba Inu has been removed from circulation this time
Nearly 200 Million SHIB Burned as Shiba Inu Reaches This Big New Milestone
Cover image via

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

Shibburn tracking service has reported that the SHIB army has managed to get rid of yet another big lump of Shiba Inu, striving to burn as many of these meme coins in the beginning of 2023 as they can.

This is the third consecutive day so far, when between a hundred and two hundred SHIB have been removed from the circulating supply.

Almost 200 million SHIB destroyed

According to a recent tweet posted by Shibburn, over the period of the past 24 hours, a total of 182,339,090 meme coins has been sent to dead-end wallets, from which purchases or any kind of withdrawal are completely impossible.

This amount of SHIB is worth only as little as $1,487. Still, this seems to be quite an achievement for the SHIB army since over the last three to four months of 2022, sums this big were seldom burned, and they often burned that amount in a week, rather than in a day.

The two biggest chunks of Shiba Inu burned during the last 24 hours contained 73,996,550 meme coins (burned 16 hours ago) and 56,434,834 SHIB (removed 14 hours ago), per details provided on the Shibburn website.

Still, since yesterday morning, the SHIB community has burned less than yesterday – 182 million compared to over 200 million SHIB on Jan. 2. The burn rate is currently down around 30%.

Overall, according to the aforementioned website, there have been 410,384,215,663,472 Shiba Inu coins taken out of circulation so far by "burning," while the circulating supply of SHIB stands at 562,824,926,054,896 coins.

Dogecoin (DOGE) Breaks Out After Development Fund Announcement: Crypto Market Review, Jan. 2

SHIB hits new milestone as top whales go after it

Prominent on-chain data tracker WhaleStats has reported that the second biggest meme crypto by market cap value, Shiba Inu, has reached yet another milestone among the largest whales on Ethereum.

SHIB has surpassed CHZ as the most traded crypto asset for the 100 biggest ETH investors.

At the time of this writing, these ETH wallets hold a total of $45,650,626 in Shiba Inu – less than 2% of their comprised portfolio.

SHIB can also be observed in ninth place among whales' holdings and is among the top ten coins, which have the biggest trading volume at the moment and are therefore those most frequently bought and sold by these holders, according to data shared by WhaleStats.

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