Saturday, June 15, 2024
HomeAltcoinsNearly 306 million SHIB Tokens withdrawn from circulation

Nearly 306 million SHIB Tokens withdrawn from circulation

In a recent tweet, the Shibburn Twitter account said that nearly 306.1 million SHIB coins have been transferred to “inferno” wallets to be permanently withdrawn from circulation in the previous 24 hours. Today, additional 500 million SHIB tokens are likely to be gone also.

Meanwhile, the number of holders in the community holding the second largest cryptocurrency and “Dogecoin killer” has hit a new all-time high. Twitter account Shibburn reported that during the previous 24 hours, a record of 306,104,347 SHIB had been delivered to dead wallets from which no one can withdraw or use them in any way, citing its own website that copies data on transactions connected to burning SHIB from etherscan.


As a result, another large chunk of SHIB has been removed from the total supply, which had previously reached a whopping one quadrillion. To burn so many tokens, the community had to make 30 transactions to unrecoverable wallets. According to Shibburn, further 32,995 SHIB were cremated an hour later.

Bigger Entertainment CEO Steven Cooper revealed on Twitter and estimated that near to one billion SHIB will be burnt this week, based on prior SHIB burn activities, and challenged the community to aim for two billion next week. They burned a number of 240,192,701 tokens during the planned burn celebration on Valentine’s Day, which was shown live on YouTube.

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