Shiba Inu Burn in Millions Continue As 27M SHIB Burned in 24 Hours

Over 27.61 Million Shiba Inu (SHIB) burned in the past 24 hours, 14.37 Million by a single wallet.

Shiba Inu Community remains determined to reduce the supply of SHIB and create more value for their special token. Over the past 24 hours, the Shiba Inu Community-led burn initiatives collectively have removed a total of 27,613,608 (27.61M) SHIB from circulation forever via ten separate transactions.

In the past 24 hours, there have been a total of 27,613,608 $SHIB tokens burned and 10 transactions. Visit https://t.co/t0eRMnzx3T to view the overall total of #SHIB tokens burned, circulating supply, and more.

— Shibburn (@shibburn) March 23, 2023

The most significant burn transaction of the day comes from the mysterious wallet. The wallet sends 14,371,980 (14.37M) SHIB to the burn addresses in one robust transaction.

🔥 14,371,980 $SHIB -> transferred to dead wallet. https://t.co/9pcympZ8my

— Shibburn (@shibburn) March 22, 2023

Despite the massive burn, Shiba Inu’s overall burn rate declined by -96.34% over the last day.

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Shiba Inu Community has set fire to 1,789,115,447 (1.78B) SHIB through multiple transactions in the past 7 days. The most significant burn transaction occurred yesterday, when Koyo (KYO), a newly launched token, sent a staggering 758,951,740 (758.95M) SHIB to the dead wallet in a single transaction. Koyo has been actively contributing towards Shiba Inu burn since March 10th and has incinerated a mind-boggling 5,364,203,658 (5.36B) SHIB as of now.

Meanwhile, BitFlyer, a leading cryptocurrency exchange based in Japan, supports Shiba Inu. To celebrate this development, BitFlyer has launched a lottery where 20 lucky winners will receive Shiba Inu tokens valued at 10,000 Japanese Yen each.

As of writing, Shiba Inu is trading at the price of $0.00001066, down -1.93% over the last day with a 24-hour trading volume of $316,951,457 ($316.95M).

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