Many teams in the Shiba Inu community continue to burn the SHIB; however, these burning rates do not affect the price of SHIB.
In the last 24 hours, almost 28 million worth of SHIB have been sent to an empty address, according to Etherscan data.
The same amount of SHIB has been burned every day over the past few weeks. Meanwhile, the Shiba Inu is up 6% on January 7. It dropped 5, then recovered and fell again.
At the time of writing, Dogecoin rival SHIB was trading at $0.00002967 according to data provided by CoinMarketCap.
28 Million More SHIB Burned
Twitter user Shibburn tweeted that 19,337,093 SHIB tokens were sent to an empty wallet in 11 transactions in the past 24 hours. He later added that three more transfers had taken place in the past hour and 8,612,311 SHIBs had been burned.
https://twitter. com/shibburn/status/1479316880653537281
Thus, a total of 27.6 million SHIB tokens were sent to the empty address and permanently removed from circulation.
https://twitter. com/shibburn/status/1479226275671818247
SHIB Whales Add More SHIBs to Their Wallets, Community Continues to Grow
According to research shared by WhaleStats, the top 100 SHIB whales increased their meme token holdings and bought more SHIB tokens.
Two days ago, SHIB balances were up 2.29% in 24 hours. As noted by WhaleStats, the total number of SHIB holders at the time of writing is 1,124,693. This shows that the SHIB community continues to increase day by day.