More than 140 million Shiba Inu (SHIB) have been burned in the last 24 hours, according to Shibburn’s data. With this burning, the rate of Shiba Inu burning increased 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.
When we look at the circulating amount of SHIB, we see that 557,989,334,995,503 SHIBs are in circulation. In addition, with the last transaction, the burning rate of Shiba Inu increased by 136.7 percent.
Whales Continue to Take SHIB
The top 100 whales investing in Ethereum-based tokens continue to receive massive amounts of SHIB. According to statistics previously released by WhaleStats, the second largest meme cryptocurrency after Dogecoin occupies a prominent place in the portfolios of whales.
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.
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