Over 48,000,000 Shiba Inu have been burned in the last 24 hours

Shiba Inu holders continue to promote the destruction of meme tokens, increasing their value and value in the long run. Twitter account Shibburn, which tracks the coin burning process, has revealed that over 24,000,000 Shiba Inu were destroyed in just 2 transactions.

The exact amount of burned tokens was 24,006,723 coins. The user sent about 4,800,000 to the incinerated wallet, after which another owner of memtokens sent another 19,200,000 Shiba Inu.

Before that, several such transactions were made, which brought the total level of burned tokens to the threshold of 48,700,000 SHIB. Thus, the rate of destruction per day was 67% higher than the usual rate of burning tokens.

Despite such seemingly good results, in dollar terms, the amount of destroyed tokens is almost negligible. At the current exchange rate of $0.0000083, the total amount of SHIBA burned was $420.

Earlier, The Crypto Basic reported that the Shiba Inu coin destruction rate increased by 7.42% after one user with more than 300,000,000,000 tokens in his account transferred about 27,000,000 SHIB to a coin burning wallet.

More than 410,000,000,000,000 SHIB have been destroyed so far, according to Shibburn, a service that tracks the SHIB burning process, representing 41% of the original supply. Thus, all investors managed to reduce the volume of Shiba Inu from 1,000,000,000,000,000 to 589,600,000,000,000. It is noteworthy that at the same time, the amount of 562,700,000,000,000 is in circulation between users.

Last month, the community was able to extract more than 666,000,000 coins from circulation. In December, the owners of the digital asset want to beat the result and burn even more coins.

Shiba Inu is currently valued at $0.000008309, down 4.5% from a week ago. On December 19, one token was valued at $0.0000087. A drawdown is a normal phenomenon for absolutely any cryptocurrency in the current cycle. Now the industry is in a state of cryptowinter.

Sellers have tremendous power and continue to put pressure on the market, thereby bringing down the value of many crypto assets. Sometimes there are coins that give an increase, but these speculations last for days, and often even hours.