25.6 Million SHIB Gone in Last 24 Hours

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Shiba Inu news

A Twitter account that follows transactions that burn SHIB has announced that, over the past day, an amount of crypto close to 26 million Shiba Inu tokens have been burned.

Community burns 25.6 million SHIB coins

According to data from etherscan shared by the @shibburn account, over the course of nine major transactions, a total of 25,612,598 SHIB tokens have been moved to a null wallet, from which these coins can be neither withdrawn nor spent; therefore, they are removed from circulation for good.

The funds were “burned” in lumps of 10,716,185; 4,312,431; 2,400,000 SHIB and some smaller ones.

Up to now, an overall amount of 410,300,613,625,600 Shiba Inu tokens have been burned—that is slightly over 41% of the circulation amount. Meanwhile, the total emission equals a staggering quadrillion SHIB.

Figures from etherscan also indicate that in the past several days, a total of 58.9 million SHIB have been sent to the unspendable wallet.

At press time, SHIB is trading at $0.00002991 after dropping almost 9%, following Bitcoin’s crash to the $42,000 level on Jan 5.

Credit : LINK

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