A recent report says that in the last three days more than 143 million SHIB tokens have been locked in unspendable addresses and thus removed from the circulating supply
Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
The biggest sum in SHIB that was shifted to a dead wallet in a single transfer totaled 111,111,111 coins and it took place three days ago.
The Shibburn website shares data on various teams burning SHIB available on Etherscan and puts it in one place. It shows that the most recent SHIB burns took place seven and four hours ago. Both times 1,882,892 tokens were locked in an unspendable wallet.
So far, according to the data published on the website, 410,303,115,608,069 SHIB has been destroyed from the initial supply of one quadrillion tokens. 41,017,938,837,733 SHIB are staked at the moment.
As covered by U.Today on Friday, so far in February, two businesses that have committed to burn SHIB tokens have destroyed a comprised 887 million Shiba Inu has been burned so far this month – Bigger Entertainment and Travis Johnson’s SHIB burn games.