Close to half a billion Shiba Inu have been destroyed over the past several days, while SHIB has been in decline
@shibburn cipher tracker announced that over the past week, a total of 436.3 million SHIBs have been cremated. A significant amount of Shiba Inu have also gone missing in the last 24 hours.
Meanwhile, the second largest meme cryptocurrency, Shiba Inu, has been down over 17% since March 1.
Nearly half a billion SHIBs disappeared in a week
According to data from @shibburn collected from etherscan, since Monday February 28, a massive amount of Shiba Inu have been sent to “hellish” addresses and therefore removed from the currently circulating supply of the second most popular canine token – a combined 436,364,849 chips.
In fiat, this constitutes $10,101 at the current exchange rate of $0.00002305, as per CoinMarketCap.
21.17 million SHIBs burned in 24 hours
@shibburn also reported that in the past 24 hours, multiple teams within the SHIB community wired a total of 19,464,019 canine tokens in 11 transactions. In the past few hours, another two SHIB portions of 1.7 million and half a million tokens have been moved to dead end wallets.
SHIB is second largest asset held by whales
WhaleStats cryptocurrency service that tracks the crypto riches of the largest ETH investors has tweeted that Shiba Inu, at the moment, is the second biggest asset owned by Ether whales.
At present, they hold a total of $1,440,567,150 worth of SHIB. This represents 16.2% of their crypto portfolio.
SHIB comes second after FTX Token here—ETH whales are holding $1,471,684,907 worth of FTT. That is 16.55% of their entire crypto holdings, according to data provided by WhaleStats.
SHIB is down more than 17%
It’s been a tough week for Shiba Inu. Since March 1, the price of rival Dogecoin has fallen by 17.14% after hitting the $0.00002792 level.
At the time of writing, SHIB is changing hands at $0.00002313 on Binance exchange, a local low where SHIB was last seen on Feb. 27.
Wirex adds Shiba Inu, along with four other parts
There is also good news for the SHIB army. As reported by U.Today earlier, on March 7, global payment platform Wirex with approximately 4.5 million users worldwide added SHIB, enabling its army of customers to send, store, to receive and exchange SHIB tokens.
Four other cryptos were added by Wirex, aside from SHIB: Terra (LUNA), Bitcoin Cash (BCH), Cosmos (ATOM), Enjin Coin (ENJ) and Orchid Protocol (OXT), according to the recent tweet posted by the company.
