Shiba Inu Hits New Milestone with Over 410 Trillion Tokens Burnt
Shiba Inu, the second-largest meme cryptocurrency, has achieved a significant milestone by burning over 410 trillion SHIB tokens. This achievement has garnered attention within the crypto community and has been fueled by the actions of prominent figures.
Key Points:
- The SHIB burn address has locked in 410.35 trillion tokens, valued at approximately $3.41 billion.
- Vitalik Buterin, the creator of Ethereum, holds the record for burning the most SHIB tokens, with about 410.24 trillion burnt in May 2021.
- Blaze Token (BLZE) follows as the second top SHIB burner, having incinerated 11.7 billion SHIB worth $96.7k.
- An unknown wallet ranks third, sending 10 billion SHIB valued at $124.3k to burn addresses.
- KOYO and MarSwap hold the fourth and fifth positions, having burnt 9.49 billion and 5 billion SHIB tokens respectively.
Hot Take:
Shiba Inu’s milestone of burning over 410 trillion tokens demonstrates the enthusiasm and commitment of its community. The record-breaking burn rate and the involvement of influential figures like Vitalik Buterin have undoubtedly contributed to the popularity of SHIB within the cryptocurrency space. However, it’s crucial to monitor the burn rate moving forward to assess the sustainability and impact on the overall token supply.
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