Nearly 200 Million SHIB Burned as Shiba Inu Reaches This Big New Milestone
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.
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%.
In the past 24 hours, there have been a total of 182,339,090 $SHIB tokens burned and 11 transactions. Visit https://t.co/t0eRMnyZel to view the overall total of #SHIB tokens burned, circulating supply, and more. #shibarmy
— Shibburn (@shibburn) January 3, 2023
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.
Arman ShirinyanSHIB 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.
📰 JUST IN: $SHIB @Shibtoken flipped $CHZ for MOST TRADED token among top 100 #ETH whales
— WhaleStats (tracking crypto whales) (@WhaleStats) January 3, 2023
Check the top 100 whales here: https://t.co/N5qqsCAH8j
(and hodl $BBW to see data for the top 5000!)#SHIB #CHZ #whalestats #babywhale #BBW pic.twitter.com/qpehGRoFXv
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.
Arman Shirinyan
Alex Dovbnya
Dan Burgin
Vladislav Sopov