The process of sending the popular ‘Shiba Inu’ in the form of Mime cryptocurrency to the debt wallet continues. Billions of Shiba Inu coins have been burned so far. All this is being done in view of the increase in the prices of this cryptocurrency in the future. According to reports, the objective with which the Shiba Inu token is being burnt is still a long way off. The coin’s developer, Shiba Shiotoshi Kusama, has stated that a “true community effort” is needed for a large-scale Shiba Inu burn. This is the reason why another 150 million SHIB tokens have been burned in the last few days.
Dead wallets are wallets that are not in use. The tokens contained in them cannot be sent or withdrawn to any other wallet. After being sent to these wallets, the tokens go out of circulation and the total supply of tokens decreases. The Shiba Inu team has launched a new burning portal. The aim is to burn as many tokens as possible and get them out of circulation.
According to the Twitter page of Shibburn, a burn tracking service associated with SHIB, around 149.6 million MIME coins have been permanently sent to the dead wallet in the past few days. In the last 24 hours 87,574,132 SHIB tokens have been burnt and 12 transactions have been done for this. Earlier 12,738,009, 18,875,469 and 30,614,624 SHIB tokens were burnt respectively.
While Shiba Inu coins are being sent to the debt wallet, the number of users holding it is increasing. As per reports, the number of Shiba Inu holders has crossed the level of 1,210,000. The crypto wallet whale named ‘BlueWhale0159’ is said to have acquired 150,000,000,000 Shiba Inu on Friday, which was then valued at $1,750,500. Crypto Whales are used for wallets that store a large number of cryptocurrencies. Such wallets also appear in profit under all circumstances.