Shiba Inu Sees Largest SHIB Burn In 2 Months: Here’s What Happened

Quick Summary:

A staggering 96,086,320 Shiba Inu (SHIB) tokens (worth $1,364) were burned in a single transaction on Thursday, making it the largest burn event in the last two months.

The transaction responsible for this monumental burn was conducted on August 29, 2024 at 21:19 UTC.

This concerted effort resulted in an extraordinary spike in the Shiba Inu burn rate, which increased by 28,145% compared to the previous day’s figures.

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Article Details

Author / Journalist: Jake Simmons

Category: Crypto

Markets: Hungary

Topics: Shib SHIB price SHIB news Shiba Inu news SHIB burn Shiba Inu Shiba Inu burn Shiba Inu price

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-30 @ 10:00:31 (2 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 490 words

Reading Time: 3 minutes read

Sentences: 38 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 22306686

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