213.6 Million SHIB Burned in 10 Transactions, Half Billion to Be Gone on March 14

Analysis213.6 Million SHIB Burned in 10 Transactions, Half Billion...



Yuri Molchan

Over 210 million Shiba Inu have been destroyed, while more than twice as much is going to be burned in 11 days

Contents

The SHIB community continues removing SHIB tokens from circulation, according to data spread by @shibburn service that aggregates data on SHIB burns from etherscan. Over the past day, a substantial amount of over 213.6 million SHIB has been sent to dead-end addresses from which coins cannot be spent or withdrawn.

Beyond that, a major SHIB burner intends to destroy at least 514.5 million Shiba Inu in slightly less than two weeks.

213.6 million burned in just 24 hours

As per a recent tweet by @shibburn, a comprised 213,640,225 Shiba Inu (the second most popular meme cryptocurrency after Dogecoin on the market) has been locked in so-called dead crypto addresses.

It took the burn teams just 10 transactions to remove that amount of meme crypto. That was the equivalent of $5,360.

@shibburn aggregates all SHIB burn transactions from etherscan on their website. According to that info, 12 hours ago, Shibburn.com itself incinerated more than half of the aforementioned sum of crypto—150,000,000 SHIB.

Besides, on March 2, two SHIB burn businesses destroyed 15 million coins each: Shiba Coffee Company and Smile Lab Games.

The Shiba Inu community gave them a shoutout on Twitter.

514.5 million SHIB to go on March 15

The official Twitter page for the Travis Johnson SHIB burn games company has announced that by March 1, they had acquired $12,806 worth of SHIB for their upcoming burn event. The company uses revenue from advertising in their games to acquire Shiba Inu and then burn it.

Thus, at least 514,503,816 SHIB will be destroyed in roughly 11 days by this company.



Learn more

Latest news

Why the AI stock rally isn’t another meme craze, according to a top investor

The latest stock rally in companies hawking new artificial intelligence (AI) tools could be somewhat justified, one top...

The 5 Layers That Make Up A Millionaire Mindset

Dylan Ogline is serial entrepreneur and author known as a pervader of work and lifestyle optimizations. He is...

XRP Price Analysis for February 8

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It...

Bernard Arnault company demands Kenz Beauty change its name

A small business owner has found herself embroiled in a legal battle with one of the world’s largest...

Carvana stock, heavily shorted, spikes as much as 27%

Carvana's (CVNA) stock was halted for volatility on Wednesday morning as it rose 27% before retreating.Shares of the...

Eight Tips For Increasing Engagement With Your Business’s Instagram

Though TikTok may be receiving a lot of press as of late, steadfast platforms like Instagram still reign...

Must read

Why the AI stock rally isn’t another meme craze, according to a top investor

The latest stock rally in companies hawking new...

The 5 Layers That Make Up A Millionaire Mindset

Dylan Ogline is serial entrepreneur and author known...

XRP Price Analysis for February 8

Disclaimer: The opinion expressed here is not investment...

You might also likeRELATED
Recommended to you