Almost 200 million SHIB removed from circulation in past 4 days, following burn of 1 billion SHIB
The Shib Army continues to lock SHIB tokens in dead wallets in hopes of driving up the price of the coin, but it has yet to achieve its goal. Meanwhile, an additional 150 million tokens have been burned as part of a long-term SHIB burning initiative.
Meanwhile, last week, the community managed to burn over 1 billion Shiba Inu.
Nearly 200 million Shiba destroyed
According to Shibburn’s Twitter page, a service that tracks SHIB itself burns and destroys these meme coins, in the past few days an estimated 149.6 million meme coins have been moved to unusable wallets to be locked in. permanence.
The largest lump of these four has been burned in the past 24 hours — 87,574,132 SHIB, taking 12 transactions to move that amount of crypto to dead wallets.
12,738,009, 18,875,469, and 30,614,624 SHIBs were burned before that, respectively.
SHIB holder count hits new milestone
As covered by U.Today earlier this week, the Shiba Inu community has reached a new historic milestone related to its holder count.
On July 20, on-chain data service WhaleStats reported that the number of Shiba holders exceeded the 1,210,000 level.
On Friday, a whale whose wallet is called “BlueWhale0159” made an acquisition of a staggering 150,000,000,000 Shiba Inu, which was worth $1,750,500 at the time of the trade. The investor is still holding these tokens, unlike other whales who sold them or moved these coins to other wallets right after they had purchased them. #Shiba Inu (SHIB) News #Token Burn
