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The upgraded Shibburn portal has revealed a fresh list of top Shiba Inu burners over the past 24 hours. Some names on this list raise eyebrows, being some of the largest cryptocurrency trading venues in the crypto space.
SHIB burns jump 172.52%
According to Shibburn, during the past day, the daily SHIB burns have soared by more than 172%, with close to 10,000,000 SHIB coins burned in total. These millions of tokens were moved out of the circulation supply and locked in unspendable wallets.
There have been four transactions so far, which carried 5,178,012, 4,000,000, 440,000, and 500,000 SHIB coins. Curiously, two of these burn transactions were conducted by large cryptocurrency market players – the investment app Robinhood and Stake.com, a crypto gambling platform.
For comparison, two days ago, SHIB burns were slightly bigger with 12,718,395 and 6,607,536 SHIB in single transactions. The goal of these burns is to reduce the SHIB supply, which, in theory, can help increase the SHIB price due to growing scarcity.
Top SHIB burners that may surprise you
The top SHIB burners’ list shows that over the past few days, among the biggest burners of these meme coins have been the aforementioned platforms Robinhood and Stake.com, having burned 4,300,543 SHIB (in 24 transactions) and 5,178,012 SHIB in a single transfer. Aside from them, the list also shows such top crypto exchanges as Coinbase (5,176,736 SHIB burned in seven transfers), Crypto.com and Binance.
Crypto.com has burned 11,000,000 SHIB in four transfers, while Binance has disposed of 2,909,767 SHIB, taking three burn transfers to achieve that. The largest number of SHIB of all, however, was burned by a whale that goes by the name “shib.shi4gud.eth”. He has destroyed a total of 96,867,921 SHIB in 23 burn transfers. However, since all these millions of SHIB are actually tiny amounts in fiat, these could have been just accidental burns.
SHIB attempts a rebound
In the meantime, the major meme coin has demonstrated a sharp price surge over the past day as it rebounded by nearly 4% after a roughly the same drop over the weekend. However, the rebound was followed by a 2% decline.
By now, SHIB has printed a large green hourly candle and is changing hands at $0.00000603. Shiba Inu has been following Bitcoin’s price trajectory – BTC has jumped by 4.76% since Sunday and has topped the $69,960 level.
Dan Burgin
U.Today Editorial Team
Vladislav Sopov
