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SHIB burns 25.6 million tokens



 A recently published report shows that nearly 26 million SHIBs have been burned in the past 24 hours and twice as many destroyed in the past few days.



SHIB Token-Burn

The Twitter account “Shibburn” tracks transaction that burns SHIB. This account wrote that a lot of SHIB in the amount of 26 million was burned last day.


According to data from etherscan shared by Shibburn, 26,612,598 SHIB tokens were moved to a null wallet in nine large transactions, from which these tokens can neither be withdrawn nor issued. With that they are finally annihilated.


The tokens were burned in parts of 10,716,185 pieces. And also 4,312,431; 2,400,000 SHIB and some smaller ones.


So far, a total of 410,300,613,625,600 Shiba-Inu tokens have been burned. This corresponds to a little more than 41% of the tokens in circulation. This amount is now equivalent to one quadrillion SHIB. Etherscan figures also show that a total of 58.9 million SHIBs were sent to the Burning Wallet in the last few days.


SHIB whales bought $ 300 million worth of tokens earlier this week. With this, SHIB again asserts itself against FTX as the largest stock on the Ethereum blockchain.


Previously, the FTX token took first place as the token with the largest USD value in the whale wallets.


At the time of writing, SHIB is priced at $ 0.0002991 after Bitcoin fell nearly 9% to as low as $ 42,000 on Jan. 5.



When Bitcoin prices fell, the entire market ended up in the red zone. As always, there was a lot of panic selling at this event. This year started differently for the crypto market than 2021, in which things went up enormously in the first few weeks. Many analysts assume that the crypto market will continue to go up strongly this year, on the other hand there are already isolated analyzes that assume that the market will go sideways this year and more down rather than up.

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