22.2 Billion SHIB Inu Were Burned, And 667 Million Were Removed In Just 24 Hours

Over 22 billion canine tokens have been removed from circulation in the last week, according to a SHIB Inu burn tracker. In addition, about half a billion Shiba have been burned in the previous 24 hours.

Meanwhile, Shiba Inu has increased by about 10% today.

22.8 billion SHIB Inu were locked up in dead-end wallets

Multiple projects within the Shiba Inu fan community have destroyed a total of 22,200,398,699 meme tokens, according to crypto burn tracker @Shibburn. Despite the staggering sum, this amount of SHIB is worth $279,281 in US dollars.

It took roughly 500 transactions to transfer this much SHIB to dead-end wallets, where they were permanently frozen.

Shibburn also spread the word on Twitter that over the last 24 hours, more than 667.2 million Shiba Inu tokens have been burned by various businesses and individuals from the SHIB army. The burn rate has increased by nearly 41% compared to the previous one.

Earlier today, SHIB bounced nearly 10%, printing two green candles on the chart.

SHIB adds 20,000 holders

Despite showing an over 86% drop below the all-time high of $0.00008 reached in October last year, the second most popular meme coin has added a large amount of holders since May this year.

Back in April, its number of holders comprised 1,139,000, whereas now it totals 1,167,079.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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