The Shibburn project tracks the burning of Shiba Inu on an hourly basis and also regularly burns the meme coins that have spread the word that in the last week a large amount of Shiba Inu (SHIB) has been moved out of the circulating supply — more than 1.1 billion meme tokens.
In the last 7 days, there have been a total of 1,102,774,392 $SHIB tokens burned and 97 transactions. #shibarmy
— Shibburn (@shibburn) June 5, 2022
1.1B Shiba Inu (SHIB) burned in 7 days as meme token is back on the top 10 holdings list
A quarter of that was burned over the weekend, while SHIB has returned to its list of top 10 whale holders. According to a tweet on Sunday by Shibburn, since last Monday, multiple projects supporting Shiba Inu have burned a total of 1,102,774,392 SHIB, sending them to untrusted wallets where they are permanently locked. and made 97 trades to get there.
From that 1.1 billion SHIB archive, 485.4 million meme tokens were burned over the weekend — 191,510,171 and 293,930,173 SHIB blocks destroyed in the past two days.
According to WhaleStats, the platform that tracks the largest wallets on Ethereum, BSC, Polygon, and other blockchains, Shiba Inu once again appears in the list of top 10 crypto assets by whales. ETH owned. Currently, the second largest meme token by market capitalization holds 4th place in this list of coins, behind USDC and FTX token.
At press time, the top 100 whales on the Ethereum chain are holding Shiba worth $513,963,578, constituting 46,289,862,506,654 meme tokens, or 11.88% of the whale’s composed portfolio.
Read more:
- The Rate Of Shiba Inu (SHIB) Burned Has Jumped 800% To A New Record Of 12.8 Billion Tokens
- Close To 87 Billion Shiba Inu (SHIB) Have Landed In The Wallet Of The Major Ethereum Whale