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.