SHIB Burn Rate Spikes 642% as Millions of SHIB Get Wiped Out
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.
Prominent platform Shibburn that traces down SHIB burns has spread the word about another big lump of Shiba Inu meme coins getting removed to unspendable wallets by various individuals and businesses.
During the past day, the burn rate of SHIB has come close to rising by 700 percent compared to the previous day.
SHIB burn rate spikes 642 percent
Since last morning, the rate at which Shiba Inu meme coins have been getting burned has jumped by more than 642 percent, according to the Shibburn tracker website.
With 28,191,662 SHIB burned in total, a massive 24,091,662 SHIB was moved to a dead-end wallet in a single transfer. However, the equivalent of the overall amount that was burned just a little bit exceeds $233.
Yuri MolchanSHIB holder number keeps rising
According to upgraded data on the site of the popular large wallet tracker WhaleStats, the number of SHIB holders has risen by more than a thousand over the past 24 hours.
Now, this figure constitutes 1,271,030 versus roughly 1,270,000 on Friday.
WhaleStats data also shows that during the period of the last 24 hours, Shiba Inu meme coin fell out of the top ten holdings list for Ethereum whales. The top five assets held by the 100 largest wallets on Ethereum now are ETH, DAI, LINK, aWETH and CHAIN.
Chainlink’s native token LINK has not been seen in the top ten list for a long while already.
Related articles
Tomiwabold Olajide
Alex Dovbnya
Vladislav Sopov
Dan Burgin