10M Shiba Inu Burnt by a Single Wallet; 17M Burnt in 24hrs

10M Shiba Inu Burnt by a Single Wallet; 17M Burnt in 24hrs

In the last 24 hours, 17.12 million Shiba Inu (SHIB) have been burned, 10.10 million of those in a single transaction.

In the last 24 hours, the whole Shiba Inu Community made five different transactions totaling 17,120,687 (17.12M) SHIB to the dead wallet.

The unidentified wallet holding 109,899,032,414 (109.89B) SHIB executes the major Shiba Inu Burn transaction. 

According to Etherscan.io statistics, the unknown wallet made a significant transaction roughly 18 hours ago to permanently remove a substantial 10,102,561 (10.10M) SHIB from circulation.

The overall burn rate for Shiba Inu increased by 25.21% over the previous day due to this significant burn.


Along with the Community-led Shiba Inu Burn activities, Binance staked 4 trillion SHIB, worth $35,080,000 ($35.08M), into the Shiba Inu decentralized exchange, ShibaSwap, to temporarily remove them from circulation.

According to information from Shibburn.com, a tremendous 410,384,457,192,305 (410.38T) SHIB from the initial supply of 1 quadrillion has been burned. 

As a result, there are currently 589,615,542,807,694 (589.61T) SHIB available overall. 

Out of a massive total supply, 571,513,933,836,391 (571.51T) SHIB are now in use, while the Community has staked 18.10T SHIB into ShibaSwap.

Shiba Inu is trading at $0.000008947, up 2.84 percent from the previous day, with a 24-hour trading volume of $439,569,010 ($439.56M).

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Disclaimer: The information in this article should not be considered financial advice, and FXCryptoNews articles are intended only to provide educational and general information. Please consult with a financial advisor before making any investment decisions.

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