Over quarter of a billion SHIB have been pushed out of circulation by the community of Shiba Inu token lovers
According to a recent tweet posted by the @shibburn platform, focused on burning SHIB and tracking burn transfers of this Etherscan meme token, in the last 24 hours the Shiba Inu community sent 324.7 million SHIB to unusable wallets.
These addresses hold tokens locked without leaving a chance of withdrawing or spending them in any other manner.
324.7 million Shiba burned
@shibburn’s tweet indicates that a total of 324,735,210 Shiba Inu have been removed from circulating supply and locked away in dead wallets, making the second largest cryptocurrency even a little rarer.
This result was achieved after 27 transactions. The largest of them was made by Shibburn itself as they sent 123,456,789 canine tokens to a dead wallet.
The updated figure on the shibburn website shows that the amount of tokens mined from supply permanently in circulation in the last 24 hours is now 350,650,730, with an increase in burn rate of 338, 20% compared to the 70 million burned previously.
Whale buys 191.8 billion SHIB
WhaleStats crypto data platform has spotted another massive SHIB amount bought by a major Ethereum whale.
Fifteen hours ago, the wallet owner “BlueWhale0073” acquired a total of 191,883,317,886 Shiba. This amount of crypto is equivalent to $3,098,915. On May 10, the same whale, which is ranked 210th by WhaleStats, bought another large chunk of this coin, almost twice as big as today’s – 311,816,880,855 Shiba.
Together with him, the whale “Bombur” bought 60,606,002,938 SHIB. Now his wallet contains $20,781,068 worth of Shiba Inu tokens.
On May 9, this whale added 56,946,679,217 SHIBs to its reserve.
At the time of writing, Shiba is changing hands at $0.00001516 after an almost 10% decline in the past 24 hours and after dropping 27.39% in the past week.
