Shibburn, 13,696,795 in the last 24 hours shiba inu announced that the token was burned. While the burn rate increased by 5761%, it was noteworthy that 13.69 million tokens were burned in a single transaction. Here are the details.
In the past 24 hours, there have been a total of 13,696,795 $SHIB tokens burned and 7 transactions. Visit https://t.co/t0eRMnyZel to view the overall total of #SHIB tokens burned, circulating supply, and more. #shibarmy
NEWS CONTINUES BELOW— Shibburn (@shibburn) January 14, 2023
The burning of 13.69 million Shiba Inu (SHIB) took place in parallel with the 11.89% increase in price. SHIB managed to delete a zero from its digits with the last rise. The trading volume in the last 24 hours was recorded at $494,111,199, while the price was trading at $0.00001061.
SHIB burning rate increased by 5761% in the last 24 hours.
Cryptocurrency As the market continues to recover, community interest in the Shiba Inu is likely to increase. If the interest increases, there will be serious increases in the burning rate.
According to Etherscan.io data, an unknown wallet burned 7,376,188 SHIB tokens in a single transaction. The deletion of a zero from the price in addition to the burnings got things moving.
Shiba Inu Becomes Most Traded Token
Data from WhaleStats revealed another interesting trend. According to the data, Shiba Inu (SHIB) was the most traded token among the top 100 Ethereum whales in the last 24 hours. This indicates that the speculative interest of large participants in the token has increased.
Overall, the largest Ethereum whales currently hold $50,794,729 worth of SHIB in their wallets, which represents 2.24% of their overall portfolio.
As Koinfinans.com reported, Shiba Inu developers were invited to an event in Austin, Texas to showcase their metaverse experience. This, in turn, had a positive response in the token price.
Source : The Crypto Basic