Over 17.12 Million Shiba Inu (SHIB) burned in the past 24 hours, 10.10 Million in a single transaction.
Shiba Inu Community collectively transferred a total of 17,120,687 (17.12M) SHIB to the dead wallet via five separate transactions in the past 24 hours.
In the past 24 hours, there have been a total of 17,120,687 $SHIB tokens burned and 5 transactions. Visit https://t.co/t0eRMnyZel to view the overall total of #SHIB tokens burned, circulating supply, and more. #shibarmy
— Shibburn (@shibburn) January 11, 2023
Single Wallet Burned 10.10 Million SHIB:
The major Shiba Inu Burn transaction is executed by the mysterious wallet holding 109,899,032,414 (109.89B) SHIB. As per Etherscan.io data, about 18 hours ago, the mysterious wallet executed one significant transaction to move a notable 10,102,561 (10.10M) SHIB out of circulation forever.
This massive burn caused the overall Shiba Inu burn rate to go up slightly by 25.21% over the last day.
Besides the Community-led Shiba Inu Burn initiatives, Binance temporarily removed a staggering 4 Trillion SHIB, worth $35,080,000 ($35.08M) from circulation by staking them into Shiba Inu decentralized exchange, ShibaSwap.
As per data provided by Shibburn.com, a herculean 410,384,457,192,305 (410.38T) SHIB has been burnt from the initial supply of 1 quadrillion. As a result, the total supply of SHIB is now reduced to 589,615,542,807,694 (589.61T) SHIB. Out of a gigantic total supply, 571,513,933,836,391 (571.51T) SHIB are now in circulation, whereas, 18,101,608,971,303 (18.10T) SHIB have been staked into ShibaSwap by the Community.
As of writing, Shiba Inu is trading at the price of $0.000008947, up 2.84% over the last day with a 24-hour trading volume of $439,569,010 ($439.56M).
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