Cryptocurrency

Shiba Inu Update: 57 Million SHIB Burned in 24 Hours, Burn Rate Up by 1.31 Percent

Data from Shibburn showed that 57,142,883 SHIB has been burned in the last 24 hours, this summed the total Shiba Inu coin burned to 410,301,957,358,385 SHIB or 41 percent from the maximum total supply of 999,991,861,939,090 SHIB.

In the last 24 hours, 6 transactions were made sending over 57 million Shiba Inu coins to a dead wallet, the highest transaction occurred 12 hours ago when 50 million Shiba Inu was burned in a single transaction from 0x2a75957dd92473cfdd8a7542be3504c10982a424 wallet.

The official handle of shibburn on the Twitter account in a tweet revealed that 1.3 billion Shiba Inu coin was burned and permanently removed from circulation in January 2022 in 239 transactions.

Also, over 2 million Shiba Inu coin was burned in December 2021 in 349 transactions. The Shiba Inu Community recorded a total burn of 410,273,539,992,961 SHIB in 3,412 transactions in the year 2021.

Speaking on a new site recently launched, the shibburn twitter handle tweeted, “Just a quick update. So far we made about $3.3k in profits since the new site launched 2 weeks ago, we still have today and tomorrow left to add. We begin counting the whole month starting February, which can bring us twice the amount for March with just ads, maybe more.

“Excellent guys! $3.9k is the total in profits that will be burned once money is cleared, around February 21st. The last two days we had more activity. Going by those numbers we can burn anywhere from $8k to $9k next month with just the website. More to come.”

Whale Adds 97.8 Million SHIB in Two Days

Crypto whales are still optimistic about Shiba Inu coins, data showed that 97.8 million SHIB has been accumulated by two whales in two different transactions in the last two days.

Data from whaleStats revealed that a whale with the name Jiraiya purchased 49.9 billion SHIB in a single transaction on the first of Feburary, 2022. while another whale accumulated 47.9 billion SHIB in a single transaction.

Temitayo Olukoya

Share
Published by
Temitayo Olukoya

Recent Posts

Discordant Tunes Greet 50% Tariff Hike As Subscribers Threaten To Sue NCC

Nigerians have expressed displeasure over the decision of the Nigerian Communications Commission to increase tariffs…

2 hours ago

Beatrice Ekweremadu Returns to Nigeria After Serving Sentence in UK

Mrs. Beatrice Ekweremadu, wife of former Deputy Senate President Senator Ike Ekweremadu, has reportedly returned…

3 hours ago

Nigeria Expands Refining Capacity with MRO Energy’s Delta State Refinery

The Federal Government has taken another step toward boosting Nigeria’s refining capacity with the approval…

3 hours ago

Eko DisCo Set for Transformation as Transgrid Enerco Signs Historic 60% Acquisition Agreement

Transgrid Enerco Limited has signed a Share Purchase Agreement (SPA) to acquire a 60% equity…

3 hours ago

Metering Gap Exceeds 7 Million Despite Multilateral Loans and Government Funds

Despite interventions by the Federal Government and multilateral lenders amounting to over N1.5 trillion, Nigeria’s…

4 hours ago

Petrol Prices Surge to N990 in Abuja, N960 in Lagos as Oil Tops $80 Per Barrel

The Nigerian National Petroleum Company Limited (NNPC) has increased the pump price of petrol at…

5 hours ago