27.6M Meme token SHIB Burned Just in 24-hours

• Nearly 28 million SHIB has burned in over the past 24 hours.
• 19,337,093 tokens have been sent to a dead wallet in 11 transactions.
• Another 8,612,311 were burned in three transactions. 

One of the top 15 cryptocurrencies in the crypto market is Shiba Inu (SHIB). As per the data easily accessed at etherscan, nearly 28 million SHIB has burned in over the past 24 hours. Even for the past few days the same amount of SHIB has been burned daily.

Furthermore, one of the Twitter users namely shibburn has tweeted that over the past 24 hours, 19,337,093 tokens have been sent to a dead wallet in 11 transactions. Eventually, in the past few hours, another 8,612,311 were burned in three transactions. Therefore, in total, 27.6 million tokens have been transacted to the null address and removed from the circulation for good.

Even more, as per the research by a platform that gathers data on the top cryptocurrency whales, WhaleStats, considering those storing Shiba INU, the top 100 SHIB whales have increased their holding in this meme crypto, regardless of the recent sell-off and have purchased more tokens on the loss.

More so, two days before, whales’ SHIB balance has gained by 2.29% in the previous 24 hours. As Whalestats mentioned, the overall number of SHIB holders amounts to 1,124,693. But one day before, the amount was smaller, by comparing we can understand that the everyday SHIB community is keeps growing.

Accordingly, at press time, as per CoinMarketCap, SHIB’s price was trading at $0.00002945 with a 24-hour trading volume of $827,070,116. The circulating supply of SHIB is 549,063.28B SHIB. It can be traded in top crypto exchanges such as Binance, Currency.com, OKEx, Huobi Global, and FTX. 

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