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SHIB forces striving to burn as many meme coins as possible, but still not enough to reduce current supply
The community of Shiba Inu Meme Coin Destroy more SHIB coins But every day they run into obstacles. Still, SHIB users are looking forward to the launch of Sibarium, which promises to remove the trillions of memecoins SHIB, the second largest in SHIB.
According to Siburn’s website, a tracker of deleted Shiba Inu tokens, over the past 24 hours, 10,247,830 meme coins were moved and locked in unusable wallets, causing SHIB’s burn rate to drop by 63.85%.
The day before, the SHIB Army showed an amazing increase in burn rate of 28,385%. This was a somewhat misleading value as 28,485,444 meme coins were moved to the “Inferno” wallet. Still, this percentage increase is by far the largest in recent months.
As previously reported by U.Today, this decline may be related to the gradual loss of interest among short-term traders in the aforementioned meme coin. not profiting them.
Still, large long-term holders of the Ethereum chain, or whales that are widely known in the crypto space, continue to hold Shiba Inu as the top cryptocurrency in USD terms. 3rd place behind Ethereum and USDT stablecoins.
At the time of this writing, these large wallets have a total of SHIB worth $603,812,711According to the WhaleStats wallet tracker, this is 16.02% of the crypto portfolio made up.
