111 Million SHIB Enter Dead Wallet In 24 Hours, Here Are The Details

2023-4-12 19:00

Over the past 24 hours, the Shiba Inu community destroyed over 100 million SHIB by sending the tokens to Shiba Inu’s dead wallet, a token-burning mechanism that crypto protocols use to control the number of circulating tokens in the market.

SHIB Tokens Burned Through Ten Different Transactions

According to a Shibburn report, the Shiba Inu Army has collectively destroyed 111,173,988 SHIB tokens within the past 24 hours. The tokens were burned in 10 different transactions by members of the community.

Related Reading: Ethereum Addresses In Profit Touches 11-Month High Ahead Of Shapella Upgrade

Three main SHIB holders; SHIB Super Store, an anonymous wallet, and a Uniswap-linked wallet – pioneered the burning actions. A wallet linked to Uniswap burned a large amount of Shiba Inu through a single transaction. The wallet sent 43,564,865 SHIB tokens to the dead wallet.

An anonymous wallet is the biggest contributor to the SHIB burning mechanism over the past 24 hours. According to the post from Shibburn, the unknown wallet moved about 46,877,110 Shiba Inu tokens to the dead wallet in a single transaction.

The renowned SHIB Burn Project, SHIB Super Store, has been significant in the burning actions. During their latest burning process, the Burn Project permanently destroyed about 10,297,482 Shiba Inu tokens using the SHIB Burn Portal. The burning process occurred through a single transaction.

Additionally, SHIB Super Store maintained the Weekly Burn and Earn Event for the Shiba Inu community. Following the latest burn, the Burn Project shared 10 million Shiba Inu tokens among the community members.

Spike In Shiba Inu Weekly Burn

Shiba Inu has witnessed a new high in its weekly burn of SHIB tokens. The cumulative burn rate increased to a record level last week.

Shibburn noted that the Shiba Inu Community had burned a total of 1,178,830,489 Shiba Inu tokens over the past 7 days. The tokens were burned through 26 different transactions within the period.

The top contributor to the burn was a new token on the ShibaSwapDEX Koyo. Shibburn data revealed that Koyo moved a whopping 1,104,224,812 Shiba Inu to the dead wallet on Sunday, April 9. It completed the transaction in a single transaction to set a new record level in burning Shiba Inu tokens. Also, on March 17, the new token burned 924.15 million SHIB through a single transaction. 

Shiba Inu’s price action has been on the lower turn amid its huge token-burning feats. At the time of writing, SHIB is trading at around $0.0000111, indicating a surge of 0.09% over the past 24 hours. However, its price action over the past 7 days shows a drop of 2.68%.

According to CoinMarketCap, Shiba Inu ranks as the 14th top crypto coin with a market cap of $6.54 billion. Its market dominance is 0.53%, and a 24-hour trading volume of $174.21 million.

Featured image from Pexels and chart from Tradingview.com

Similar to Notcoin - Blum - Airdrops In 2024

origin »

SHIBA INU (SHIB) на Currencies.ru

$ 0 (+1.82%)
Объем 24H $11
Изменеия 24h: 8.92 %, 7d: 2.86 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 3428
Доступно / Всего 0 SHIB

million tokens shiba inu hours shib dead

million tokens → Результатов: 126


Bitfinex begins LEO token buyback, maintains no wrongdoing in $850 million shortfall

Cryptocurrency exchange Bitfinex announced the launch of a transparency initiative to coincide with the beginning of the burn mechanism of the company’s LEO token. Bitfinex’s parent company iFinex sold $1 billion in LEO tokens for USDT from private investors during a 10-day token sale in May 2019 to cover an $850 million loss from Crypto […] The post Bitfinex begins LEO token buyback, maintains no wrongdoing in $850 million shortfall appeared first on CryptoSlate.

2019-6-16 00:50


Фото:

Cryptopia needs $2M to keep a database alive – or users might never recover their tokens

Defunct cryptocurrency exchange Cryptopia warned it will take “some months at least” to figure out how to return tokens owed to its users. Cryptopia administrators have also requested “urgent interim relief,” which they say is critical to maintain a single SQL database that stores all of its users’ individual account holdings and contact details.

2019-5-27 17:29


Фото:

Tether and Bitfinex Ask New York Attorney General for Fund Accessibility

Attorneys for Tether and Bitfinex are hoping to get the former access to its reserves amid a legal dispute with New York Office of the Attorney General (NYOAG). In a letter sent to the New York County Supreme Court, attorneys representing iFinex (the parent organization of Bitfinex) and Tether took issue with the restrictions that had been placed on Tether's transactions with related parties as part of an ongoing case against them, stating that the NYOAG had no basis for disallowing tether (USDT) holders and other affiliated entities from redeeming their tokens.

2019-5-16 18:51


Bitfinex raised $1 billion in 10 days by selling a token redeemable for Tethers

Embattled cryptocurrency exchange Bitfinex raised $1 billion in 10 days with an initial exchange offering (IEO), money it hopes will alleviate concerns of its financial stability. Bitfinex CTO Paolo Ardoino tweeted Monday that private firms, both inside the cryptocurrency sector and out, had contributed more than $100 million each throughout the fundraising.

2019-5-14 16:09


Фото:

French Multinational Financial Institutions Settle $112 Million Transaction on Ethereum

Societe Generale S. A. , one of the largest financial institutions in France, issued covered bonds worth $112 million in the form of security tokens using the Ethereum blockchain. It was a pilot program to test how the use of blockchain and cryptocurrency could reduce the time and cost of settlement of securities, reported Bloomberg, May 09,Read MoreRead More.

2019-5-11 09:00