Owners have burned 302.50 Million Shiba Inu in the last 24 hours. However, 297.29 million were burned in a single large transaction.
Shiba Inu community withdraws tokens
The Shiba Inu Community has collectively removed 302,506,518 (302.50M) SHIBs in 5 separate transactions in the last 24 hours. The mystery wallet sent a massive $297,290,339 (297.29M) SHIB worth $2,390 to ‘inferno’ addresses in a large transaction about 8 hours ago. After the massive burn, the unknown wallet was left with zero SHIB. The aforementioned cremation caused the Shiba Inu’s cremation rate to increase by 13198.08% compared to the last day.
In the past 24 hours, there have been a total of 302,506,518 $SHIB tokens burned and 5 transactions. Visit https://t.co/t0eRMnyZel to view the overall total of #SHIB tokens burned, circulating supply, and more. #shibarmy
— Shibburn (@shibburn) December 31, 2022
Shiba Inu developer Shytoshi Kusama comes with great news for the Shiba Inu Community this year. Kusama, along with the Unification XFUND team, confirmed that the developers are fast approaching the Beta launch of the highly anticipated Shibarium Layer-2 Solution. According to Shytoshi Kusama, all necessary elements for Shibarium Beta are being harmonized and finalized. Also, the launch is about to happen ‘very soon’. One of the top developers of SHIB named SHIB Trophias states that developers will release Shibarium documentation first. Then the team will go for the release of the Shibarium Beta. The Shiba Inu is trading at $0.000008043, down -0.88% from the last day. Also, the 24-hour trading volume was $79,673,161 ($79.67M).
SHIB burn rate jumped over 13,000%
In the last 24 hours, the SHIB army managed to send 302,506,518 memes. This brought the write rate to an astonishing 13,198%. This amount of SHIB burned in one day and night exceeds most of the total daily piles of SHIB burned so far this fall and winter. Overall, the daily and thus weekly amounts of SHIB burned in the last four months have dropped drastically.
However, this year the ambitious SHIB army managed to mine around 83 billion meme coins. This data was shared by the SHIB Burn Tracker website. This huge amount of SHIB equates to approximately $1.74 million at an annual arithmetic average SHIB price of $0.000021. However, it only accounts for 0.014% of the total circulating Shiba Inu token supply.
SHIB rating rises based on these metrics
cryptocoin.com As we recently mentioned, in the analysis made by WhaleStats, SHIB entered the top 10 list of the largest whales in Ethereum. First of all, SHIB has managed to stay in the top 10 assets list held by the 100 largest wallets in this chain so far. Subsequently, this meme coin was also listed in the top 10 coins with the highest trading volume according to WhaleStats. It also became one of the 10 most purchased cryptoassets.
At the time of this writing, the 100 largest whales on Ethereum have SHIB worth $44,978,649. This is 2.03% of the portfolio they created.