Shiba

Burn

Mammoth

DeFi

Shiba Inu

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<p lang="en-GB" xml:lang="en-GB">In a recent turn of events, <a href="https://www.shibburn.com/">data shared by the Shibburn</a> tracker shows that with the past 24 hours, the major metric of the SHIB supply shrinking has soared by a three-digit number, with millions of meme coins destroyed permanently. Almost all of the SHIB mentioned in the report were <a href="https://u.today/shib-burn-rate-up-162-as-price-on-verge-of-breakout">burned by a mysterious Shiba</a> Inu whale, according to Shibburn and Etherscan data.</p>
<p lang="en-GB" xml:lang="en-GB">This happened while the second largest meme cryptocurrency by market capitalization size, SHIB, has again attempted to break out of the price range it has been moving in recently.</p>
<h2 id="burn-rate-jumps-305-as-enigmatic-whale-steps-in">Burn rate jumps 305% as enigmatic whale steps in</h2>
<p lang="en-GB" xml:lang="en-GB">According to the above-mentioned data source, within the last 24 hours, the Shiba Inu community has succeeded in disposing of 98,045,035 <a href="https://u.today/heres-how-much-xrp-shib-and-doge-binance-currently-holds">SHIB meme coins</a>, driving the overall daily burn rate up by 304.98%.</p>
<p lang="en-GB" xml:lang="en-GB">This massive SHIB burn milestone was achieved through 10 transactions, which moved the meme coins to unspendable blockchain wallets. However, the majority of the aforesaid SHIB was destroyed in a single transfer carrying 91,102,596 SHIB. It was made by a mysterious cryptocurrency whale, which both Shibburn and Etherscan failed to identify.</p>
<p lang="en-GB" xml:lang="en-GB">As for the weekly burns, here the burn rate is also on the rise, soaring by 82.66%, according to a recent tweet published by the SHIB burn tracker. Overall, in the past seven days, the community has transferred a massive 330,335,592 SHIB to unspendable wallets.</p>
<p lang="en-GB" xml:lang="en-GB">Still, despite the constant burns, the overall SHIB supply remains practically unchanged and constitutes 589,275,241,204,667 SHIB meme coins. A total of 410,724,758,795,332 SHIB have been locked in dead-end wallets already, and 6,536,456,176,031 SHIB have been locked in staking wallets on various exchanges and DeFi platforms.</p>
<h2 id="700-billion-shib-purchased-by-whale">700 billion SHIB purchased by whale</h2>
<p lang="en-GB" xml:lang="en-GB">Popular blockchain sleuth Whale Alert, which tracks large cryptocurrency transfers, has come up with a tweet about an astounding amount of <a href="https://twitter.com/whale_alert/status/1777174174689050635">almost 700 billion SHIB</a> moved from top exchange Crypto.com.</p>
<p lang="en-GB" xml:lang="en-GB">The 692,400,000,000 SHIB were withdrawn by a mysterious whale to a private wallet, after spending $19,260,837 in fiat on that massive SHIB chunk. According to Etherscan, this was a brand new wallet with only three transactions performed in total.</p>
<p lang="en-GB" xml:lang="en-GB">The community was fascinated by this enormous transaction as they published comments, attempting to guess who stands behind this multi-hundred-billion SHIB transfer.</p>

SHIB Burns Surge Drastically With 91 Million Coins Scorched by Mysterious Whale

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