The burn rate of Shiba Inu has considerably increased over the last 24 hours. A portion—that is 112,647,175 SHIB tokens—were destroyed and more than 15 transactions were reported by the Shibburn Twitter account a little over nine hours ago. This number is currently rising.
In the past 24 hours, there have been a total of 112,647,175 $SHIB tokens burned and 15 transactions. Visit https://t.co/t0eRMnyZel to view the overall total of #SHIB tokens burned, circulating supply, and more. #shibarmy
— Shibburn (@shibburn) July 5, 2022
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 astounding 86,405,616 SHIB were 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.
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The analysis of the top 100 Shiba Inu holders by WhaleStats also revealed a 6.8% increase in the average Shiba Inu balance as a result of crypto whales dealing with billions of Shiba Inu and a rise in large transactions. In the past day, the average Shib value has also increased by 9.4%.
JUST IN: $SHIB @Shibtoken is back on top 10 purchased tokens among 1000 biggest #ETH whales in the last 24hrs ?
Peep the top 100 whales here: https://t.co/jFn1zIOq03
(and hodl $BBW to see data for the top 1000!)#SHIB #whalestats #babywhale #BBW pic.twitter.com/2o5A0yhHy4
— WhaleStats – BabyWhale ($BBW) (@WhaleStats) July 5, 2022
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.
Medium is just about done but out of respect for 4th of July I will post tomorrow. Have a SAFE time out there to all my American Frens. https://t.co/7wBTYAxG2V pic.twitter.com/rtFlXit8Zs
— Shytoshi Kusama™ (@ShytoshiKusama) July 5, 2022
As the lead Shiba Inu developer Shytoshi Kusama posted that he would soon share a Medium blogpost with the Shiba Inu community, anticipation is growing.
Shiba Inu was down 1.45% at $0.00001 at the time of publication, according to CoinMarketCap.
Source: https://u.today/shiba-inu-burn-rate-surges-155-with-over-208-million-shib-sent-to-dead-wallet