- The burn rate on a popular meme cryptocurrency has increased significantly today, according to data from a major burn tracking platform; following this increase, an anonymous whale meme coin made the sale.
Actively SHIB burning and shiba inu which is a tracking platform where the amount of SHIB tokens burned by the community can be tracked. shibburn According to data shared by the website, the overall burn rate of the Shiba Inu has increased by about 260 percent in the last 24 hours.
Burn rate increased by 260 percent
At the same time, according to the latest tweet of the same platform, in the last 24 hours, SHIB has been permanently locked and cannot be spent or otherwise withdrawn. “inferno” A total of 58,173,918 meme coins were sent to their wallets. To burn this amount of Shiba Inu, the SHIB army made ten transfers.
These transfers by SHIB to dead wallets have been done regularly by the community for a long time in an effort to reduce the circulating supply of SHIB and make it a more scarce asset. In theory, this move SHIB priceexpected to increase. But although roughly half of the circulating supply has been burned so far, the price is still unaffected.
Mysterious whale has sold 368 billion SHIB
In addition, some investors are trying to positively affect the price in the future by burning SHIB, while others continue to earn very generous profits by selling SHIB. As reported by Twitter user @shibaplay_, a mysterious wallet has recently disposed of a total of 367,551,968,153 Shiba Inu. The transaction took place a little over seven hours ago, according to Etherscan.
The cryptocurrency has apparently been sent to the Gate.io exchange for sale. This SHIB stash is worth $4,759,797 at the time of writing.
Whale alert 🚨: 367,551,968,153 $SHIB transferred.
check details 👇🏻 https://t.co/obnmdqKxMp— ShibaPlay (@shibaplay_) September 10, 2022
SHIB holder count reaches new ATH
The number of wallets holding SHIB has reached 1,220,124 according to today’s data from WhaleStats, adding around 3,500 wallets in the last four days.
Despite all this, Baby Doge Coin (BabyDoge), whose name we have heard often lately, continues to be ahead of Shiba Inu with 1,613,902 holders.
in the past hour, #BABYDOGE has gained 9 new holders. The total number of #BABYDOGE holders is now 1,613,902. #BabyDogeCoin #BabyDogeArmy
— Burn BabyDoge (@babydogeburn_) September 10, 2022
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.