5.6 Million SHIB Burned in Last 24 Hours

According to etherscan statistics, 5.6 million SHIB have been burnt in the previous twenty-four hours, while 22 times that amount has been destroyed in the last several days.

According to etherscan, fourteen transactions were conducted in the past 5 days to send a total of more than 125 million SHIB tokens to a dead wallet from which no one would ever be able to withdraw or spend them.

According to Twitter user @shibburn, 5.6 million tokens have been burnt in the last twenty-four hours via six transfers. The user tells the SHIB army that, so far, 410,300,521,864,319 meme coins have been removed from circulation from an original supply of one quadrillion.

NOWPayments, a non-custodial platform that processes cryptocurrency payment transactions, has announced intentions to offer a function that merchants may use to burn the meme tokens.

According to Christopher Vecchio, senior currency analyst at IG Group subsidiary DailyFX, 2022  is unlikely to be fruitful for meme cryptocurrencies such as Dogecoin and its competitor Shiba Inu.

As he expressed it, he would be “surprised” to see these two coins surge and thought that only Elon Musk would be able to save them by tweeting about them.

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Patrick

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