Hundreds of Millions of Tokens Burned in October: Is Ascension On The Way?

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Shiba Inu (SHIB) group continued their burning in October as well. According to the incoming data, 881.73 million SHIB burned during the month of October. Here are the striking details.

shibburn.com recently reported that the Shiba Inu community took 176 transactions in October to destroy a massive 881,736,643 SHIBs.

The “SHIB Super Store” and “1Cent token” communities contributed greatly to the October burn.

SHIB Super Store Burned 190.01 Million

Shiba Inu (SHIB) burning

The Super Store held a five-week ‘burning feature’ in October, with 190,016,768 SHIB lit. On October 31, Super Store sent 32,584,181 SHIBs to “burn” addresses in a significant transaction. On the other hand, 1Cent burned 89,080,603 SHIB in 5 separate transactions in October.

Koinfinans.com As we have reported, eShibburn.com shared the monthly SHIB Burn figure as well as the amount of burn in the last 24 hours. As a matter of fact, he reported that a total of 23,232,755 tokens were burned in 2 separate transactions.

Shiba Inu prepares for the upcoming bull run. The acceleration of the burnings also increased the popularity. Different companies and payment solutions have also activated SHIB among the payment options based on this popularity.

Recently, two innovative consumer real estate brands Pacaso and Condos.com started accepting Shiba Inu payments via BitPay along with fourteen other cryptocurrencies.

Whales’ interest in the Shiba Inu has also been revived after developments on the Shiba Inu front. The biggest ETH Whales have bought trillions of Shiba Inu in one go in the last few days.

According to data provided by WhaleStats, SHIB is the highest holding position by dollar value among the top 1000 ETH Whales. As a result, the top 1000 Whales collectively have 103,392,245 tokens ($103.39 million) worth of tokens in their wallets.

You can follow the current price action here.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.


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