The post 23,571,440 SHIB in One Go — What’s Happening? appeared on BitcoinEthereumNews.com.

23,571,440 SHIB gone in minutes SHIB price plummets 7.31% Data shared by the SHIB community through the Shibburn tracking platform, which monitors large Shiba Inu burns and then shares the details of those transactions on its website and X account, has reported a massive burn transfer. This transaction carried almost two dozen SHIB coins out of the circulating supply. Meanwhile, the SHIB price plummeted hard today, losing 7.31% in merely three hours. You Might Also Like 23,571,440 SHIB gone in minutes The abovementioned data source, Shibburn, spread the word about a total of 23,738,202 SHIB getting burned by the Shiba Inu community since yesterday morning. The lion’s share of this meme coin chunk was removed from circulation in a single transfer, which contained 23,571,440 SHIB. The second transfer carried less than 200,000 SHIB. This total burn has given a minor increase to the daily SHIB burn metric, pushing it up by 74.86%. A day before, this metric demonstrated a five-digit rise of 11,899%, when 28,682,712 SHIB was sent to a virtual stake and burned. To achieve that result, the meme coin’s community made three burn transactions, carrying 15,106,880 SHIB; 6,466,388 SHIB and 7,109,444 SHIB. Over the past week, the SHIB team has burned more than one billion coins — 1,095,269,361 SHIB. These burns were made via layer-2 solution Shibarium using the automatic burn portal. This update was published by the Shibarium Updates X account. You Might Also Like SHIB price plummets 7.31% The second-biggest meme cryptocurrency, SHIB, has plunged hard today as part of the major crypto market’s reverse, as the world’s bellwether crypto Bitcoin went down by 2.44%. After reaching the all-time high close to $112,000, BTC is now changing hands at $108,550 per coin. Data shows that the Spent Output Profit Ratio (SOPR) is going down, suggesting that…

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Filed under: News - @ May 25, 2025 2:08 am