SHIB army has destroyed almost 1.5 billion meme coins over the past seven days, while SHIB returns as the largest holding of ETH whales
Another Massive Part Of The Shiba Inu Meme Pieces were burned in one week by numerous burning initiatives put in place by both companies and individuals.
From that amount, earlier today, almost 160 million SHIB were removed in a single transaction.
Other than that, SHIB is back as the biggest crypto holding of the top 100 whales in the Ethereum chain.
1.4 billion SHIB incinerated
@shibburn crypto tracker has published a tweet summarizing the amount of SHIB burnt over the past seven days by various teams and individuals within the token’s community.
Since last Monday, the tweet says, a whopping 1.2 billion Shiba Inu have been sent to dead-end addresses, from which SHIB cannot be moved to another wallet or spent on payments.
It took 84 transfers to remove that many SHIB from circulation. The same Twitter account added that earlier today, a total of 158,983,868 Shiba Inu were burned in a single transaction.
328 million SHIBs destroyed during a burn party
Of the aforementioned 1.2 billion SHIBs, a record 328,089,390 tokens were moved to an “inferno” wallet in a single transaction on Friday during a monthly burn event hosted by Travis Johnson’s SHIB Twitter account. Burn Games.
The company (“Super Shib Store” on Twitter) produces games, sells SHIB-themed goods, and uses a portion of their profits from ads and sales to buy Shiba Inu for burning.
The Burn events organized by this company take place on the 15th of every month.
SHIB is the top asset held
According to data from the WhaleStats website, as of now, Shiba Inu is the largest and number one crypto holding of the biggest 100 wallets on the Ethereum chain.
Overall, ETH whales own $1,340,978,839 worth of SHIB, with the token being the largest crypto holding by USD value. This equates to 53,538,324,493,656 meme tokens and 15.11% of their crypto wallet inclusive.
