More than 1.2 billion SHIB were sent to dead wallets in past week
According to the Shibburn website, the Shiba Inu’s burn rate has increased significantly over the past 24 hours. As reported by the Shib Burn Twitter account a few hours ago, 519,456,549 SHIB tokens were burned in a single transaction. This was followed by other transactions carrying a significant amount of SHIB to burn.
At the time of publication, the Shib burn rate was showing a rise of 785%, while 573 million SHIB had been sent to dead wallets, according to the Shibburn website.
More than 1.2 billion SHIBs were sent to dead wallets last week due to the Shiba Inu community’s enthusiasm for token burning.
As reported by U.Today, Shiba Inu lead developer Shytoshi Kusama says one seeming requirement for massive Shiba Inu burns is a “true community effort.” He says that the project is working toward it on many levels. He says this might take time, while hoping the timing works out perfectly.
Schedulesite adds Shiba Inu to its platform
As shared by the community-focused Shiba Inu Twitter account Shibainuart, Schedulesitea platform that creates events for subscribers to attend, announced the addition of SHIB to its platform: “We are excited to add SHIB events to our platform! Thank you for a warm welcome to your space. You have an awesome community…” he said in a recent tweet.
According to WhaleStats, Shiba Inu now ranks among the top 10 assets in terms of trading volume among the 100 biggest ETH whales in the last 24 hours.
The cryptocurrency meme also ranks among the most used smart contracts among the top 5,000 ETH whales in 24 hours. Shiba Inu also returned as the largest whale holding, as the top 100 ETH whales hold $552,365,002 of SHIB, or 19.44% of their wallet.
The Shiba Inu holder count also continues to grow, presently at 1,207,857, per WhaleStats data. Shiba Inu gained as much as 18% to reach intraday highs of $0.00001263. At the time of publication, SHIB was trading up 2.25% at $0.0000116 after trimming off some gains.
