Shiba Inu burning continues unabated. Shibburn, Shiba Inu detected a large increase in the burn rate metric. This development comes after several hundred million SHIBs were removed from circulation. On the other hand, large amounts of Shiba Inu were burned, while several SHIB mega-large whales were noticed carrying billions and trillions of meme coins.
Shiba Inu Killing Rate Is Rising Rapidly
According to the latest data shared, in the last 24 hours the Shiba Inu community managed to dispose of a total of 235,603,488 SHIBs. In this amount meme coin It is valued at only $2,482 in fiat terms. The increase in the burn rate reached 48,083.50%, a value not seen very often in recent weeks.
This impressive burn increase was achieved in sixteen treatments. The most of all these SHIBs were burned in a single move by sending 220,729,973 tokens to an unusable blockchain wallet. The second largest SHIB transaction carried 13,140,241 meme coins, while several other transactions contained less than 1 million SHIB.
The community seems to be trying to burn as many SHIBs as possible. Because when a significant amount of coins is burned, it is expected to affect the price of the coin. Recently, Shiba Inu Discord administrator DaVinci stated that all funds to cremate the Shiba Inu must come from users. In December and the last week of November, four pieces of approximately 8.5 billion Shiba Inu were burned. In this context, more than 36 billion SHIBs were burned in total.
As reported by Whale Alert, a massive amount of SHIB tokens were moved between anonymous wallets. A total of 4,253,619,279,051 SHIB meme coins changed hands. This SHIB amount was $44,909,712 at the time the transfer was made just under 24 hours ago. evaluated.
🚨 🚨 4,253,619,279,051 #SHIB (44,909,712 USD) transferred from unknown wallet to unknown wallethttps://t.co/BBTttRFHNO
— Whale Alert (@whale_alert) December 29, 2023
Additionally, according to the Arkham Intelligence on-chain data platform, one whale received an impressive 417.138 billion SHIB from an anonymous wallet. This amount of SHIB was worth $4.43 million in fiat. These transfers, cryptocurrency It shows that whales’ interest in Shiba Inu is increasing.
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