Thursday, September 29, 2022
HomeAltcoins29 million SHIB vanished amid 17% weekly fall

29 million SHIB vanished amid 17% weekly fall

According to a recent report from the @shibburn tracking service, 21.7 million SHIB were delivered to multiple dead-end digital wallets in the last 24 hours. This organisation not only tracks SHIB burn transactions, but it also destroys tokens.

Furthermore, another SHIB burn platform recently said that they have cremated 6.5 million coins. Meanwhile, Shiba Inu, the second-largest canine cryptocurrency by market capitalization, has lost about 17% of its value. A total of 21,731,142 SHIB tokens have been taken from circulation in the previous 24 hours, according to the @shibburn Twitter account. Over the last hour, 1,882,892 SHIB have been consumed.

These SHIB were transferred to dead wallets, where they will remain locked indefinitely, preventing them from being spent or transferred to another address. It took 12 transactions to transfer the SHIB from the spendable wallets to the unspendable wallets.

The Shibburn platform collects data about SHIB burn transfers from the etherscan tracker and makes it available on their website.

Kunal Krishan
Kunal is an investment space writer who firmly believes investment is something which should not be a choice but a part of everyone's life.
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