The Shiba Inu community has consistently been keeping up with the project’s token burning mechanism. As reported earlier, quite a few mega-burn events have taken place of late. In fact, the pace of burning remains to be quite impressive even now.
For instance, over the past day, a total of 134,519,822 SHIB tokens have been burned. There have, additionally, been 17 transactions in the same timeframe. Highlighting the same in a recent tweet, burn tracking platform Shibburn noted,
“So far, a total of 410,301,214,599,811 #SHIB tokens (41.03012%) have been burned from the initial supply of 1 quadrillion.”
With more than 40% of SHIB’s circulating supply already burned, the token’s supply crunch has become more evident lately.
SHIB tracking becomes easier – New burn site rolled out
In a recent tweet, Shibburn announced that they’ve launched a new website that would now offer data on SHIB burn transactions in a much more systematic manner. It parallelly has a link to Etherscan to confirm the same.
Their tweet noted,
“I hope you like the new website. As you may have noticed, the links on Twitter have changed and now directs you to the Shibburn site, Same transaction info and the link to Etherscan is on there.”
SHIB maintains dominance despite major killjoy factors
In another latest Shiba Inu centric update, WhaleStats highlighted that the number of crypto wallets HODLing SHIB tokens has surged to a new high of 1,144,179.
Nonetheless, it should be noted that the said number is less than 1,260,923 – the number of addresses HODLing BabyDoge, another prominent meme-coin.
SHIB continued to maintain a whopping 13.42% in the top 100 ETH whale wallets, despite the dunk in the transaction count of the said HODLers.
At the time of press, the market’s second-largest meme-coin was trading at $0.00002941, down by 4.5% when compared to the previous day. Having said that, readers also note that SHIB’s market cap simultaneously reflected a shrunken value of $16.172 billion.