Another Stunning Piece Of Shiba Inu Sent To Dead Wallet As Price Rises
According to data provided by Shibburn, a crypto tracker of Shiba Inu “burn transfers”, over the past 24-hour period, the SHIB Army has made substantial progress in reducing the supply circulating SHIB.
Since yesterday morning, they have dumped a whopping 925,257,980 SHIB tokens, sending all that crypto to “hellish” addresses, from where not a single coin can be withdrawn or spent.
924,150,949 Shiba Inus were burned in a single transfer.
SHIB TIMETABLE UPDATE$SHIB Price: $0.00001128 (1h 0.08% ▲ | 24h 4.93% ▲ )
Market cap: $6,644,340,254 (4.74% ▲)
Total supply: 589,609,856,763,811
Time spent: 45,331 (1 transaction)
Last 24 hours: 925,257,980 (8902.45% ▲)
Last 7 days: 2,056,039,634 (-57.34% ▼)
— Shibburn (@shibburn) March 18, 2023
In the past 24 hours, the second most popular meme coin SHIB has managed to push its price up by 6.12%, now trading at $0.00001126 on the Binance exchange.
Earlier this week, large amounts of SHIB were also burned, amounting to around 2 billion in the past week. The hot activity within the SHIB army began to increase after the launch of Puppynet (Shibarium beta testnet) on March 11.
The testnet has already set milestones – almost 4,000 transactions have been finalized and 411,421 blocks have been formed in total. Nearly 3,000 wallets participated in these transactions and each of these transfers contributed to the increase in the SHIB burn rate.