Nearly quarter of a billion SHIB has been destroyed with the burn rate of the meme token pushed high up
The Shib Army continues its crusade on reducing the supply of circulating Shiba Inu tokens. In the past 24 hours, another massive chunk of this nearly quarter-billion meme coin has been burned.
Around 150 million SHIB from this stash was burned in a single lump.
225.2 million SHIBs deleted
Shib burn tracker with its own website, Shibburn, reported that various initiatives within the SHIB community managed to destroy 225,119,416 canine crypto tokens in the last 24 hours.
The largest single transaction here carried a total of 149,999,999 SHIB. The burn rate thanks to this has soared by over 414 percent compared to the previous 24 hour period of burning.
The community continues to burn Shiba Inu in an effort to reduce its circulating supply and thus drive the price of the piece to new heights.
Here’s how much SHIB is burned altogether
By now, as per the data provided on the website of Shibburn, 410,375,148,136,020 SHIB have been sent to dead end wallets and left their permanently without a chance of withdrawal.
558,109,928,508,126 Shib tokens continue to circulate in the crypto market with 558,109,928,508,126 coins staked on various DeFi platforms.
