30M Shiba Inu Burnt In 1 Transaction, Burn Rate Spikes 800%

30M Shiba Inu Burnt In 1 Transaction, Burn Rate Spikes 800%

Altcoins

Single wallet burned 30M Shiba Inu.

Over 34.20 Million Shiba Inu (SHIB) has been removed from circulation forever in 24 hours, 30 Million SHIB in a single transaction. Shiba Inu’s Burn Rate skyrockets 820.84% over the last day.

Shiba Inu Community has made three burn transactions in the past 24 hours and destroyed 34,203,073 (34.20M) SHIB.

As per the report, the mysterious wallet burned a whopping 30,000,000 (30M) SHIB in one significant transaction.

The massive burn transaction was executed about 2 hours ago, as per Etherscan.io.

30M Shiba Inu Burnt In 1 Transaction, Burn Rate Spikes 800%

Mysterious Wallet Burned 30 Million SHIB

Moreover, the said transaction caused Shiba Inu’s burn rate to surge 820.84% over the last day when the Community-led burn initiatives were able to reduce the SHIB circulating supply by only 3,714,331 (3.71M) tokens.

30M Shiba Inu Burnt In 1 Transaction, Burn Rate Spikes 800%

SHIB Burn Rate Skyrockets 820.84 in the Past 24 Hours

Despite the widespread selloff in the global crypto market, Shiba Inu successfully defended its crucial support level located at $0.0000093 on the daily chart.

30M Shiba Inu Burnt In 1 Transaction, Burn Rate Spikes 800%

SHIB Stands Firm on Crucial Support 1D

At press time, Shiba Inu is trading at the price of $0.00001014, up 5.34% over the last day, with a 24-hour trading volume of $464,288,364 ($464.28M).

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