Another impressive stash of Shiba has been sent to unspendable wallets but the price continues to go down
Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
In a recent tweet, Shibburn crypto tracking platform stated that in the past 24 hours, nearly half a billion Shib tokens have been shifted to dead addresses to be forever removed from the circulating supply.
Nearly billion Shiba Inu coins destroyed
As per a recent tweet, since last morning, a total of 440,626,338 of Shiba Inu canine tokens was moved to wallets from which they cannot be spent, taking 55 transfers.
Within a few hours after this report, another 32,650,000 SHIB was burned in merely 2 transactions, according to Shibburn.
Ads
In the past 24 hours, there have been a total of 440,626,338 $SHIB tokens burned and 55 transactions. Visit https://t.co/t0eRMnyZel to view the overall total of #SHIB tokens burned, circulating supply, and more. #shibarmy
— Shibburn (@shibburn) May 21, 2022
Despite regular massive burns, the second biggest meme token is trading minus 2.79 percent over the past 24 hours, dropping to $0.00001157.
Source: https://u.today/half-billion-shib-burnt-by-shiba-community-report