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SHIB Burns Skyrocket as Shibarium Releases New Critical BONE Update
Shiba Inu picks a major growth as the community moves millions of SHIB out of circulation
Data shared by the popular Shibburn platform has revealed that another multi-million SHIB lump has been transferred out of the circulating supply.
This has coincided with the major Shibarium update announced the day before. SHIB burns jump 120% The aforementioned data source stated that within the last 24 hours, the Shiba Inu community has removed several million SHIB into unspendable blockchain wallets and out of circulation.
The 3,375,831 SHIB burned by the SHIB army have pushed the burn rate up substantially – 120%.
It took thirteen transactions to destroy that many meme coins. The two largest transfers here carried 1,247,614 and 1,045,751 SHIB. So far, a total of 410,726,475,569,810 SHIB meme coins have been destroyed from the total supply of one quadrillion.
583,097,171,644,345 SHIB remains in circulation.
In May 2021, exactly three years ago, a tremendous SHIB burn took place – it was initiated by the Ethereum co-founder Vitalik Buterin.
Back then, the mysterious creator of Shiba Inu known as Ryoshi sent half of the quadrillion supply (a whopping 500 trillion SHIB) to Vitalik as a gift and as a sign of respect.
What Vitalik did was burn almost all of this SHIB worth $1.7 billion and he gave the rest away to a charity in India that helped support the victims of the pandemic. That massive burn happened on May 6. Related
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