- Burn tracker tweeted about the 1.3 billion SHIB burnt.
- Wallets with the most ETH holdings possess approximately $1.28 billion in SHIBs.
SHIB coins totaling 1,351,643,000 Shiba Inu have been burned off the market in the last twenty-four hours, according to the crypto burn tracker @shibburn. Burned meme coins are valued at $32,155 USD. Shibburn’s website provides a detailed breakdown of the company’s burn transactions, and a few, in particular, stand out. Three trades burnt more than 100 million SHIB, while another three burnt between 210 million and 270 million SHIB. There has been an increase of 25,000 percent in the previous 24 hours in the Shiba Inu burn rate.
Burn tracker tweeted about the 1.3 billion SHIB; then, within a few hours, the community was alerted to the removal of another 55,402,333, 1,000,000, 20,675,909, and 18,674,658 SHIB tokens from the circulating supply. This amounts to an additional 95.6 million Shiba Inu’s in total.
SHIB Overtakes FTX Token
Furthermore, the Shiba Inu (SHIB) token has overtaken the FTX token (FTT) to become the most popular currency among the top 100 Ethereum (ETH) whales. After the Shiba community revealed a metaverse effort to extend its ecosystem, demand for the coin rose significantly. A conclusion could be drawn for the meme cryptocurrency, with the price of SHIB falling and ETH whales acquiring SHIB.
Wallets with the most extensive ETH holdings possess approximately $1.28 billion in SHIBs, according to statistics published by WhaleStats, making up 14.17 percent of their overall holdings. SHIB overtook FTX, which had held the top rank for an extended period, thanks to the new holdings. ETH whales now own $1.15 billion worth of FTX coins or 12.82 percent of all the coins in the whales’ wallets.
According to CoinMarketCap, the Shiba Inu price today is $0.000024 USD with a 24-hour trading volume of $558,928,751 USD. Shiba Inu has been down 0.85% in the last 24 hours.
