Prominent cryptocurrency tracking service Whale Alert, popular for tracking and sharing details of large cryptocurrency transactions and sharing their details with the community, has detected a surprising amount of SHIB moved from Bitvavo, an Amsterdam-based cryptocurrency exchange.
The amount transferred amounted to 4,595,530,677,374 SHIB, which was valued at $33,377,339 at the time of the transaction. However, details shared by Whale Alert via a link in their Shiba Inu supply.
SHIB adoption continues to expand
As U.Today reported, earlier this week, two major Shibarium tokens, SHIB, were adopted on the leading LaborX platform, which connects freelancers and employers in the cryptocurrency and Web3 spheres with the opportunity to receive payments in cryptocurrencies. and BONE, as payment options.
SHIB was previously integrated by LaborX, and this week news spread that the employment platform also added BONE.
SHIB adoption was also boosted this week when MathWallet began supporting Shibarium’s Shiba Inu token.
250 million SHIB burned in 24 hours
According to data provided by wallet tracking platform Shibburn on its website, over the past 24 hours, the SHIB army has contributed to removing a substantial amount of meme tokens from the circulating supply. In total, 247,753,783 SHIB were transferred to non-fungible wallets and locked there forever, and the burn rate increased by 35.88%.
Among the transactions that moved all those hundreds of millions of SHIB into dead wallets was one that carried a staggering 191,531,588 SHIB – almost the entire amount burned.