$SHIB burn rate soars while a mysterious whale sells 368 billion SHIB. shibburn shibaplay_
At the same time, according to its recent tweet, in the past 24 hours, a total of 58,173,918 meme tokens have been sent to “inferno” wallets, in which SHIB gets permanently locked and cannot be spent or otherwise withdrawn. It has taken SHIB army ten transfers to shovel that amount of Shiba Inu.
to dead wallets are undertaken by the community regularly with a purpose of decreasing the circulating supply of SHIB and making it a more scarce asset. In theory this should raise the token’s price in the future. However, now that, roughly half of the supply in circulation has been burnt, the price has not been affected.
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