208 million Shib have been burned as of press time
The burn rate of Shiba Inu has increased significantly over the past 24 hours. Part of it, 112,647,175 SHIB tokens, was destroyed and more than 15 transactions were reported by Shibburn’s Twitter account just over nine hours ago. This number is currently increasing.
According to the Shibburn website, 208 million Shib have been burned as of the time of publication, with a 155% rise in the Shib burn rate.
According to the Shib burn Twitter account, an incredible 86,405,616 SHIB was just sent to dead wallets in a single transaction in the last hour.
Shiba Inu’s large transactions jump 153%
Shiba Inu whales, or large holders, joined in the action as large transactions increased by 153% in the past day, according to statistics from IntoTheBlock. A transaction is often more than $100,000, and large transaction spikes are sometimes associated with increased activity from whales who are either buying or selling.
Analysis of the top 100 Shiba Inu holders by WhaleStats also revealed a 6.8% increase in the average Shiba Inu balance due to crypto whales processing billions of Shiba Inu and an increase in large transactions. Over the past day, the average Shib value has also increased by 9.4%.
According to WhaleStats, SHIB has returned among the top 10 purchased tokens among the 1,000 biggest ETH whales, who now “hodl” $592,950,692 worth of SHIB.
As lead developer of Shiba Inu Shytoshi Kusama announced that he will soon be sharing a Medium blog post with the Shiba Inu community, the anticipation is growing.
Shiba Inu was down 1.45% at $0.00001 at the time of publication, according to CoinMarketCap.
