ShibaInu burn rate up 1,433% as the SHIBarmy burns 202.4 million $SHIB within 24 hours. shibburn WhaleStats Shibarium Puppynet
community managed to get rid of a staggering amount of meme tokens, pushing the burn rate high up.Burn rate soars this high
According to data provided by the Shibburn website, during the period of the past 24 hours, the burn rate of SHIB rose by 1,433 percent. This happened after a total of 202,401,383 Shiba Inu meme coins were locked in dead wallets for good.Details from the aforementioned website show that an anonymous wallet -9c253 burned a 136,221,189 SHIB lump in a single transaction. Three chunks of 2,600,000 SHIB were sent to an unspendable wallet from a -9e214 address.
Overall, a new milestone related to the number of total transactions was spotted on the Shibarium testnet yesterday as well – this numberPuppynet release took place on March 11, so it took only 20 days to surpass the one million-milestone.Massive accumulation of SHIB continues A few days ago, a whale calling himself"BlueWhale0073", who is ranked 254 by the WhaleStats tracker, acquired 99,297,904,247 Shiba Inu, paying $1,058,515 for that chunk of meme coins.
The whale sold it almost immediately, speculating on the price fluctuations of SHIB and pocketing healthy profit after a small SHIB rise. This happened as Shiba Inu remains the most-traded token for the 100 top whales on Ethereum and also the largest crypto asset in the USD equivalent held by them, per data from WhaleStats.
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