In the past 24 hours, a single wallet has burned 10.45 million Shiba Inu (SHIB) tokens, resulting in a total burn of 13.81 million SHIB. The burn, orchestrated by the Shiba Inu community, was conducted in five separate transactions. Following the burn, the SHIB burn rate increased by 131.51%, due to the 4.53 million SHIB transferred to the dead wallet.
The burn has been part of the overall Shiba Inu burn project, which has resulted in the burning of 3.98 billion SHIB through nineteen transactions over the course of last week alone.The massive burn reinforces the current increase in the mainstream adoption of Shiba Inu. This is emphasized by Binance Pay’s recent launch of a WooCommerce plugin, which allows SHIB to be accepted as payment on a massive array of websites.
In addition to the burn and increasing mainstream adoption, the Shiba Inu team is also in talks with Huobi (a prominent exchange) and Certik (a blockchain security company) to develop and launch a specialized cold wallet dedicated to the Shiba Inu ecosystem.
The Shiba Inu burn project, along with the increase in mainstream adoption and the conjoined efforts of the Shiba Inu team and Huobi-Certik, all contribute to the greater, long-term success of the Shiba Inu cryptocurrency. With each event, Shiba Inu becomes one more step closer to achieving the envisioned global adoption and recognition.
John Hughes
- 2023-05-08
10.45 Million Shiba Inu (SHIB) Tokens Successfully Burned
In the past 24 hours, a total burn of 13.81 million Shiba Inu (SHIB) tokens was conducted in five separate transactions. The burn is part of the larger Shiba Inu burn project, which has resulted in the burning of 3.98 billion SHIB tokens over the course of last week. Along with this, there has been an increase in the mainstream adoption of SHIB and the team is in talks with Huobi and Certik to launch a specialized cold wallet.
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