Burn rate of Shiba Inu suddenly demonstrated negative reading earlier today as 100 million SHIB burned in one move
SHIB burn rate shows increase, 100 million burned in single shift
On the list of the burn transactions, one huge chunk of SHIB stands out as the biggest; that is an astonishing 100,000,000 meme coins that were transferred to a dead wallet in a single transfer. Overall, in accordance with the Shibburn data, by now 410,659,417,460,474 SHIB tokens have been removed from the circulating supply in total; that is slightly more than a half of the initial SHIB supply created by Ryoshi, the mysterious SHIB founder. Most of these SHIB were burned by Ethereum cofounder Vitalik Buterin in May 2021 after Ryoshi sent him half of the quadrillion SHIB supply as a present. Buterin preferred to move them out of circulation.
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