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 community has destroyed another massive amount of Shiba Inu since last morning, sending nearly half a billion meme coins to unspendable addresses in the ecosystem.
405 million Shib tokens destroyed
Shibburn crypto tracking service that picks up data from etherscan has reported that in the past 24+ hours, several enterprises and individual burners have sent a total of 405,282,493 meme tokens of the circulating supply to a few “inferno” wallets.
This was done with a goal to make Shiba Inu slightly more scarce with a potential of a price increase in the long term.
Yuri MolchanThe biggest single transfer was 112,462,000 SHIB. It occurred approximately 12 hours ago from the 0x28a121e4732d7cc5972b16e48590103b2574f806 address.
On Friday, U.Today covered that the recently established SHIB burn portal burn.shibaswap had eliminated a staggering 25 billion Shiba Inu within merely two weeks since its launch.
Tomiwabold Olajide
Godfrey Benjamin
Dan Burgin
Alex Dovbnya
Vladislav Sopov