Nearly 24 million Shiba Inu have been removed from circulation in the last 24 hours. A transaction came to the fore among these meme coin burns.
The Shib army has collectively sent 23,965,947 (23 million) SHIBs to dead wallets in 9 separate transactions in the last 24 hours.
Mysterious Wallet Burned 10.67 Million SHIB
A mysterious wallet carried out the biggest burning of the day. According to Etherscan.io data, the mystery wallet has forever removed a total of 10,674,214 (10.67 million) SHIBs from circulation in a significant transaction performed about 7 hours ago.
The wallet in question still contains a massive 326,307,743,664 (326.30 billion) SHIB worth $3,050,977 ($3.05 million). Therefore, the wallet owner may burn some more meme coins in the coming days.
1Cent Token Burns 3.90 Million SHIB The most prominent SHIB burning initiative under the leadership of the community, “1Cent” carried out the second biggest burning transaction of the day. 1Cent token recently held a Weekly Burn Event, removing 3,909,602 (3.90 million) SHIB from circulation in a single transaction. According to Etherscan.io, the transaction took place about 13 hours ago.
1Cent token also reported that 45 Bone ShibaSwap (BONE) burns took place in a separate transaction. BONE is the management token of the Shiba Inu Ecosystem that will be used as a native gas token in the much anticipated Shibarium Protocol.
Despite burn events, the Shiba Inu is trading in the red. At press time, SHIB is trading at $0.000009386, down 3.95% from the last day, with 24-hour trading volume of $182,094,481 ($182.09 million).
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.