Saturday, January 22, 2022

3.7 Million SHIB Burned in Past Day; 410.3 Trillion Shiba Inu Tokens Destroyed So Far

Over the past day, 3.7 million SHIB tokens have been removed permanently from circulation, reducing the amount of SHIB controlled by Shiba Inu whales a little more.

The new development was reported a few hours ago via the official Twitter handle of Shibburn. According to the report, 3.7 million SHIB was sent to the dead wallet 0xdead000000000000000042069420694206942069 in two transactions.

Read Also: AMC Theaters Confirms That It Will Start Accepting payments with Dogecoin (DOGE) and Shiba Inu (SHIB) in March 2022

Now, a total sum of 410,300,763,616,057 SHIB has been burned from the initial supply of a staggering quadrillion tokens, totaling slightly over 41% percent of it.

Shibburn tweeted, “In the past 24 hours, there have been a total of 3,765,784 SHIB tokens burned and 2 transactions. So far, a total of 410,300,763,616,057 SHIB tokens (41.03008%) have been burned from the initial supply of 1 quadrillion.”

Read Also: SHIB Developer Shares Updates on Shibarium, the Shiba Inu Layer 2 Scaling Solution, Hints Big Surprise for Early 2022

Shiba Inu (SHIB) Listed On Bitso

Shiba Inu (SHIB) continues to get integrated by businesses and crypto exchanges across the world.

On 11th January, it was announced that Bitso, the largest crypto exchange in Latin America, which turned into a unicorn in 2021, has listed Shiba Inu (SHIB) on its trading platform.

Bitso announced, “Welcome Shiba Inu ($SHIB) @Bitso! Is the token with the name of the Japanese dog breed that was launched in August 2020 and competes for a place among the top 10 of the cryptos with the highest market cap…”

Read Also: Shiba Inu Launches Official Communication Portal, Adds 100,000 New Users within Weeks of Reaching 1 Million Milestone

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In early December, Mercado Bitcoin, the largest exchange in Brazil, added support for Shiba Inu. Earlier this week, the cryptocurrency was also added by the Indian cryptocurrency exchange Giottus.

Likewise, on 10th January, Euler Finance, a noncustodial protocol on the Ethereum network, which allows users to lend and borrow crypto assets, announced the activation of Shiba Inu (SHIB) on its protocol.


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Tobi Loba
Tobi Loba is a passionate writer with over 3 million readers from all over the world. She graduated from a reputable university. She joined the crypto ecosystem about two years ago and has written lots of ebooks and articles in relation to cryptocurrency and blockchain projects.

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