Close to trillion Shiba Inu withdrawn from Gemini to anonymous wallet
In the meantime, the SHIB community continues to send Shiba Inu tokens to dead-end wallets.tracking website, over the span of the last 24 hours, 47,459,752 SHIB tokens have been transferred to"inferno" addresses, where they will be permanently locked. These burns have pushed the SHIB burn rate slightly more than 50% down compared to the amount of SHIB removed yesterday.
The largest chunks of SHIB that were burned contained 12,660,229 SHIB and 11,739,611, with 13 burn transactions made in total, per Shibburn.is to try to reduce the circulating supply of a coin to a great extent. If a coin's supply shrinks, it may, in theory, make the coin more scarce as an asset, with the demand remaining high, therefore a surge in price can be expected.
At the time of this writing, Shiba Inu is trading at $0.000008322 after showing a nearly 2% increase within the last 24 hours.
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