In a recent update, the Shiba Inu community burned over 1.2 billion SHIB tokens in a single transaction. Shibburn reported earlier today of a staggering 1,240,951,903 burned Shiba Inu tokens.
The update shared via its official Twitter page has brought about exciting reactions from the community. The transactions were carried out by three different wallets in the last 24 hours.
In the past 24 hours, there have been a total of 1,240,951,903 $SHIB tokens burned and 3 transactions. Visit https://t.co/t0eRMnyZel to view the overall total of #SHIB tokens burned, circulating supply, and more.
Further details revealed that Blaze Token carried out the biggest transaction of the day. For context, the Blaze Token is a newly created token that aims to burn trillions of Shiba Inu (SHIB) tokens weekly.
The new token made a massive burn of 1,238,951,893 SHIB tokens approximately 16 hours from press time. The other two significant transactions burned 1 million SHIB tokens each over 11 hours ago from press time.
Blaze Token has succeeded in burning a massive 7,955,814,803 (7.95B) SHIB tokens with the latest update. Likewise, a total of 8,326,560,479.21 BILLION Blaze Tokens BLZE has been burned to date.
Due to this, the burn rate of Shib Inu has increased exponentially to 2372.57 according to details from the Shibburn website. To date, a total of 410,643,328,383,870 (410 trillion) have been successfully removed from circulation by the Shiba Inu community. Also, a total of 574,311,943,775,516 (510 trillion) SHIB remains in circulation.
Shiba Inu burn portal revealed
As earlier reported by 36crypto, the Shiba Inu team released on May 21 the mechanism behind the SHIB burn on the new layer 2 (L2) Shibarium network. According to the reveal, when a transaction on Shibarium is completed, a transaction fee is paid in BONE and is locked on the network. The validator is then paid the priority fee. Furthermore, 30% of this cost is set aside for network maintenance. The remaining 70% is incinerated.
Shiba Inu (SHIB) price today
According to live data from CoinGecko, the price of SHIB today is $0.00000885. The price is up o.14% in the last 24 hours. What’s more, Shiba Inu is ranked #16 on the CoinGecko chart with a live market cap of $5,214,061,056.
Special Offer (SPONSORED)
Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures' first month (terms).
"3Commas Trading Bot" Special Offer: Use this link to Sign up with 3Commas and get 10% off your first monthly subscription.
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
Cookie
Duration
Description
cookielawinfo-checkbox-analytics
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional
11 months
The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy
11 months
The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
COMMENTS