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.
Data from etherscan shows that over the past 24 hours, a total of 706.1 million SHIB tokens have been sent to a "null address" and taken out of circulation permanently.
Eight transactions came from eight different addresses. The largest one carried 692,937,338 SHIB, and the smallest transferred only 55,632. All transactions aside from this one and two more carried at least one million tokens.
Tomiwabold OlajideTwitter account "Shibburn" reported one of those recent "burn" transactions carrying 1,050,000 SHIB.
In the past hour, there have been a total of 1,050,000 $SHIB tokens burned and 1 transaction. #shibarmy
— Shibburn (@shibburn) December 23, 2021
Meanwhile, according to CoinMarketCap, the second biggest meme coin has started showing small signs of growth.
Vladislav Sopov
Dan Burgin