SHIB Army Burns 1.4 Billion Shiba, Removing 1 Billion in Single Transfer

ICYMI: 1.4 billion $SHIB burned by SHIBArmy as burn rate soars 453% SHIB ShibaInu shibburn

Burning SHIB allows for diminishing the overall circulating supply in an attempt to help the price go up. Multiple initiatives are working on burning as much SHIB as possible at the moment in order to significantly reduce the amount of coins in circulation.As per a recent tweet posted by @shibburn, the overall amount of Shiba burned in the past 24 hours constitutes 1,408,069,572 tokens.

This result was achieved by conducting more than 55 transactions. The largest single transfer moved a staggering 1,408,069,572 SHIB to an"inferno" wallet eight hours ago, and it was made from the 0xffd50e51186fce01bd8c386a0202080255996fbd address.The burn rate of Shiba Inu has seen a 453.25% rise over the past 24 hours. The current supply in circulation amounts to 552,480,492,362,785 tokens, while 410,338,867,258,518 SHIB have been burned in total.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Utoday_en /  🏆 295. in US

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

71 Billion SHIB Added by Major Investor as SHIB Returns as Whales' Biggest HoldingWhale who bought 300 billion Shiba on Tuesday has purchased another 71 billion meme tokens and nearly a million MATIC
Read more »

1 Trillion SHIB Whales Grab Another 130.5 Billion Shiba: ReportWhales with over 1 trillion SHIB in their wallets have purchased additional 130.5 billion Shiba Inu
Read more »

Binance Adds JASMY/EUR, KNC/BNB & SHIB/GBP Trading Pairs | Binance SupportFellow Binancians, Binance will open trading for JASMY/EUR, KNC/BNB and SHIB/GBP trading pairs at 2022-05-06 10:00 (UTC). Please note: EUR and GBP are fiat currencies and do not represent any other...
Read more »

1 Trillion SHIB Whales Grab Another 130.5 Billion Shiba: ReportWhales with over 1 trillion SHIB in their wallets have purchased additional 130.5 billion Shiba Inu
Read more »

71 Billion SHIB Added by Major Investor as SHIB Returns as Whales' Biggest HoldingWhale who bought 300 billion Shiba on Tuesday has purchased another 71 billion meme tokens and nearly a million MATIC
Read more »

Shiba Inu Can Now Be Used to Purchase Land in SHIB's Metaverse: DetailsICYMI: land in SHIB: The Metaverse can now be bought with $SHIB Metaverse SHIB ShibaInu
Read more »