In the last 24 hours, Shiba Inu Community has permanently removed 211,140,844 SHIB from the market through three different transactions, with 207.71 million in a single transaction.
This one is notable for the Shiba Inu Community because a big burn hasn’t been seen since June 4th. On June 4th, the Community made seven separate transactions totalling 123,375,116 (123.37M) SHIB to the deceased wallet.No significant burn occurred after that till now.
The wallet affiliated with Binance, referred to as Binance 14, makes the largest transaction of the day. The wallet made a massive one-time transfer of 207,715,716 (207.71M) SHIB to the dead wallet. The transaction occurred roughly 4 hours ago, according to statistics from Shibburn.com.
This enormous burn has increased The entire burn rate by 3874.12% from the previous day.
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Shiba Inu Recent Price Movement
A startling 4,000,379,151,023 (4T) SHIB were unstaked by a long-term holder and immediately transferred to one of the wallets associated with Binance, known as Binance 8, resulting in a 1% increase in the circulating supply of Shiba Inu.
As a result, the price of Shiba Inu has significantly dropped. As of the time of writing, SHIB is trading at $0.00000627, down 20.58% from the previous day, with a $293,276,372 24-hour trading volume.
Shiba Inu is down 20.58% in the last 24 hours. Source: CoinMarketcap
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The post Shiba Inu Burn Rate Up as Single Wallet Burns 207M Tokens appeared first on FXCryptoNews.
