2,020,624,700 SHIB sold in one hour – what happened?
Meanwhile, the price of SHIB, the second most popular meme cryptocurrency, has been struggling to recover and break through the $0.00003 level after falling from $0.00003316 on Sunday.
More than 2 billion SHIB lost in the sea of fire
The Shiba Inu community has been actively destroying SHIB coins in the past 24 hours, and they have managed to process a large amount of cryptocurrency - 2,022,950,833 SHIB, according to the above data sources.
This impressive result was achieved thanks to seven transactions. Almost all 2.022 billion SHIB was transferred to an unusable address in a single transfer by an anonymous cryptocurrency tycoon who held 2,020,624,700 SHIB meme coins.
However, despite the staggering amount of cryptocurrency, this is only equivalent to $59,608 in fiat currency.
The second-largest burn transfer carried just under a million meme coins — 900,000 SHIB.
According to Shibburn, the overall burn has reached 2.022 billion SHIB, and the burn rate has risen to 3,162.56%.
In the comments of the tweet announcing the destruction of 2.02 billion SHIB, users spread the news of this huge meme coin, which was destroyed by SquidGrow cryptocurrency founder @Shibtoshi_SG. Last week, the same person also destroyed a little more than 1 billion SHIB in one go. In total, the combined efforts of the SHIB community and the coin's development team resulted in the destruction of 3,162,301,655 SHIB last month.
