The SHIB army has reportedly made significant headway in reducing the number of Shiba Inu meme coins in circulation during the last 24 hours, according to the Shibburn site.
The SHIB army has destroyed 244,753,783 SHIB meme currencies, according to current statistics from the burn tracker website. According to the transaction list made public by Shibburn, the majority of these SHIB—191,531,588 meme coins—were moved to dead-end wallets in a single transfer.
These huge burns have resulted in a 35.88% rise in the SHIB burn rate.
Mind-blowing SHIB stash moved from Bitvavo
The crypto tracker Whale Alert previously reported that a sizable SHIB lump was taken out of the Amsterdam-based cryptocurrency exchange Bitvavo on Friday.
The value of this piece was $33,377,339, or 4,595,530,677,374 SHIB. This incredible transfer was really performed internally within this exchange’s wallets when it was redistributing its SHIB supply, nevertheless.
However, earlier this year, when these billions of SHIB were purchased by entirely empty wallets, Whale Alert discovered a number of such transactions carried out by Bitvavo. They become Shiba Inu whales once again as a result of this.
