More than 140 million Shiba Inu (SHIB) have been burned in the last 24 hours, according to Shibburn’s data. With this burn shiba inu burn rateincreased by about 137 percent.
Shiba Inu Burn Rate Increased
The purpose of the Shiba Inu (SHIB) burning is to make the SHIB scarce. In this way, the rise of the meme cryptocurrency can be achieved in the long run. According to Shibburn’s data, a total of 410,372,927,333,423 Shiba Inu have been burned out of the total supply in circulation so far. Of course, despite this, SHIB, which made ATH at the end of October last year, is now 88 percent behind this price.
In the past 24 hours, there have been a total of 140,223,703 $SHIB tokens burned and 25 transactions. Visit https://t.co/t0eRMnhnPL to view the overall total of #SHIB tokens burned, circulating supply, and more. #shibarmy
— Shibburn (@shibburn) July 16, 2022
When we look at the circulating amount of SHIB, 557,989,334,995,503 SHIB We see that it is in circulation. In addition, with the last transaction, the burning rate of Shiba Inu increased by 136.7 percent.
Whales Continue to Take SHIB
Top 100 whales investing in Ethereum-based tokens in large quantities SHIB continues to take. According to statistics previously released by WhaleStats, the second largest meme cryptocurrency after Dogecoin occupies a prominent place in the portfolios of whales.
https://twitter.com/WhaleStats/status/15481285969200586752
According to the tweet, SHIB is among the 10 most purchased cryptocurrencies on the Ethereum blockchain. SIHB also stands out as the largest cryptocurrency held by these whales in US dollar equivalent.
