A total of 56 billion SHIB tokens have been burned since the launch of the SHIB Burn Portal, according to the data recently shared on Twitter.
After the launch of the SHIB Burn Portal in late April, Shiba Army embarked on a SHIB burning spree, resulting in the removal of relatively 8 billion SHIB tokens from the circulating supply within 24 hours.
So, since the initial burn, Shiba Inu community members have collectively destroyed a total of 56,010,002,538 SHIB tokens.
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@theshibdream tweeted, “56,010,002,538 SHIB Now Incinerated in the Shib Burn Portal.”
56,010,002,538 $SHIB Now Incinerated in the Shib Burn Portal. 🔥🔥🔥 pic.twitter.com/9vGghF32sz
— Shib Dream * Shiba Inu News * ShibArmy.co 💎 (@theshibdream) June 26, 2022
Meanwhile, the date of SHIB Burn Portal rewards distribution has been estimated.
As announced by ShibaSwapDex a couple of hours ago, Ryoshi Vision rewards will be distributed to the eligible users in the next two days.
ShibaSwapDex tweeted, “SHIB Burn Portal Rewards Update: Ryoshi Vision rewards will be distributed in the next 48 to 72 hours. We know this has been long awaited for all, and did not expect such delays. We will post another update upon release & completion. Thank you for your patience, and support!”
Read Also: Shibburn: Over 200 Million SHIB Burned in 24 Hours, Burn Rate Surges 162% over the Last Day
Shiba Inu (SHIB) Trading Volume Spikes
According to the data shared by WhaleStats, Shiba Inu (SHIB) continues to face buying pressure from whales as it ranks among the top 10 most purchased tokens by the 2,000 biggest ETH whales in the last 24 hours.
WhaleStats tweeted, “JUST IN: SHIB @Shibtoken now on top 10 purchased tokens among 2000 biggest ETH whales in the last 24hrs.”
JUST IN: $SHIB @Shibtoken now on top 10 purchased tokens among 2000 biggest #ETH whales in the last 24hrs 🐳
We've also got $APE, $LINK & $MATIC on the list 👀
Whale leaderboard: https://t.co/R19lKnPlsK#SHIB #whalestats #babywhale #BBW pic.twitter.com/NK18P09sKC
— WhaleStats – BabyWhale ($BBW) (@WhaleStats) June 27, 2022
Presently, the top 5,000 ETH whales are hodling $663,117,830 worth of SHIB. Shiba Inu also remains the biggest token position held by whales. At the time of publication, Shiba Inu was trading down nearly 7.52% at $0.000011, up 33.79% in the past week.
On the 21st of June 2021, Shiba Inu (SHIB) sharply rose more than 45% to become one of the biggest gainers in the crypto market. The Shiba Inu holder count has jumped to 1,189,796, according to WhaleStats, demonstrating growth in June.
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