Nearly half a billion Shiba Inu are locked up in dead wallets, further depleting circulating supplies
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The SHIB community has destroyed another large amount of Shiba Inu since yesterday morning, sending nearly half a billion meme coins to non-spendable addresses in the ecosystem.
405 Million Shib Tokens Destroyed
The Shibburn crypto tracking service, which takes data from Etherscan, has reported that in the past 24+ hours, multiple enterprises and individual ledgers have sent a total of 405,282,493 Mem Tokens circulating supply to certain “Inferno” wallets.
This was done with the goal of making the Shiba Inu a little more rare with the potential for price increases in the long run.
The largest single transfer was 112,462,000 SHIB. this happened about 12 hours ago 0x28a121e4732d7cc5972b16e48590103b2574f806 Know.
On Friday, U.Today covered that recently established SHIB burn portal Burn.shibaswap had exhausted a staggering 25 billion Shiba Inu within just two weeks since its launch.