Little less than a quarter of a billion Shiba Inu has been removed from circulation this time
In an effort to burn as many of these meme currencies as they can at the beginning of 2023, Shibburn claimed that the SHIB army has succeeded in getting rid of yet another sizable chunk of Shiba Inu. Between one hundred and two hundred SHIB have now been taken out of circulation for the third day.
Nearly 200 Million Shiba Inu (SHIB) Burned as It Reaches This Big New Milestone
Shibburn recently tweeted that a total of 182,339,090 meme coins had been sent to dead-end wallets over the course of the previous 24 hours, making them unable to make purchases or receive any form of a payout.
Only $1,487 worth of SHIB is contained in this amount. Nevertheless, this appears to be a significant accomplishment for the SHIB army, considering that throughout the last three to four months of 2022, sums this large were infrequently destroyed, and they frequently did it over the course of a week as opposed to a single day.
According to Shibburn, the two largest portions of Shiba Inu destroyed over the past 24 hours contained 73,996,550 meme coins (burned 16 hours ago) and 56,434,834 SHIB (removed 14 hours ago). Nevertheless, since yesterday morning, fewer SHIB has been burned (182 million as opposed to more than 200 million SHIB on January 2) than yesterday. Currently, the burn rate has decreased by about 30%.
In the past 24 hours, there have been a total of 182,339,090 $SHIB tokens burned and 11 transactions. Visit https://t.co/t0eRMnyZel to view the overall total of #SHIB tokens burned, circulating supply, and more. #shibarmy
— Shibburn (@shibburn) January 3, 2023
Overall, 410,384,215,663,472 Shiba Inu coins have been removed from circulation by “burning,” but there are currently 562,824,926,054,896 SHIB coins in circulation. Shiba Inu, the second-largest meme cryptocurrency by market cap value, has reportedly reached another milestone among the top whales on Ethereum. For the top 100 ETH investors, SHIB has eclipsed CHZ as the most traded cryptocurrency asset.
📰 JUST IN: $SHIB @Shibtoken flipped $CHZ for MOST TRADED token among top 100 #ETH whales
Check the top 100 whales here: https://t.co/N5qqsCAH8j
(and hodl $BBW to see data for the top 5000!)#SHIB #CHZ #whalestats #babywhale #BBW pic.twitter.com/qpehGRoFXv
— WhaleStats (tracking crypto whales) (@WhaleStats) January 3, 2023
These ETH wallets currently possess $45,650,626 in Shiba Inu, which is less than 2% of their overall portfolio. Additionally, SHIB can be seen in ninth place among whales’ holdings and is among the top ten currencies that now have the highest trading volume and are, as a result, the ones that these holders buy and sell the most frequently.
Read more:
- Shiba Inu (SHIB) Holder Number Is Back Above 1,275 Million, Here’s How Many Of Them Are In Profit Right Now
- Here’s What To Expect In 2023 As Tens Of Billions Of Shiba Inu (SHIB) Were Burned In 2022