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111 Million SHIB Enter Dead Wallet In 24 Hours, Here Are The Details

Over the past 24 hours, the Shiba Inu community destroyed over 100 million SHIB by sending the tokens to Shiba Inu’s dead wallet, a token-burning mechanism that crypto protocols use to control the number of circulating tokens in the market.

According to a Shibburn report, the Shiba Inu Army has collectively destroyed 111,173,988 SHIB tokens within the past 24 hours. The tokens were burned in 10 different transactions by members of the community.

Three main SHIB holders; SHIB Super Store, an anonymous wallet, and a Uniswap-linked wallet – pioneered the burning actions. A wallet linked to Uniswap burned a large amount of Shiba Inu through a single transaction. The wallet sent 43,564,865 SHIB tokens to the dead wallet.

An anonymous wallet is the biggest contributor to the SHIB burning mechanism over the past 24 hours. According to the post from Shibburn, the unknown wallet moved about 46,877,110 Shiba Inu tokens to the dead wallet in a single transaction.

The renowned SHIB Burn Project, SHIB Super Store, has been significant in the burning actions. During their latest burning process, the Burn Project permanently destroyed about 10,297,482 Shiba Inu tokens using the SHIB Burn Portal. The burning process occurred through a single transaction.

(by Eli Dambell)

SHIB Shiba Inu
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