The SHIB army continues to put an enormous effort into reducing the SHIB supply and now it has pushed the burn rate way upward
According to a recent tweet by the Shibburn handle, the amount of SHIBs burned in the last 24 hours is much higher than the stash that was burned the day before.
Meanwhile, Shiba Inu token has managed to return to the top ten list of the most popular smart contracts.
burn rate goes up 225%
The ShibBurn website shows that during the last 24-hour period, the Shiba Inu burn rate increased by 224.69 percent, as a total of 45,440,894 SHIB meme coins were sent to non-spent wallets.
Among the ten burn transactions here, the biggest lump of SHIB wired to a null address constituted 23,616,644 Shiba Inu. According to the source of the transaction data, Etherscan, this wallet remained dormant for more than a year. The first transaction was made from it about 19 hours ago after a long period.
SHIB is back in the top 10 property list
According to the digital wallet’s WhaleStats tracker, SHIB is not only back on the list of most popular smart contracts, but it has also re-emerged on the list of the ten largest assets held by Ethereum whales. The Shiba Inu had completely disappeared from that list in the past two days.
As of now, the top hundred wallets on Ethereum chain are storing a $44,108,128 worth of this leading meme token in the crypto market.
This is 2.04 per cent of their combined portfolio.
