Shiba Inu Community Burns Almost 1 Billion SHIB In October, SHIB Currently Tops The List Among The 1000 Biggest ETH Whales

In a recent tweet, Shibburn reported that the Shiba Inu community incinerated a total of 881,736,643 (881.73M) SHIB in October. The massive burn was made in a total of 176 transactions.

It is worth noting that two of the community-led burn initiatives which include  “SHIB Super Store” and “1Cent token” contributed significantly to the burn in October.

Read Also: Companies Like Coinbase, Valhi Capital, And Crypto Council Request To File Amicus Brief In Favour Of Ripple, Ripple’s Victory Is Imminent.

Shiba Inu Community Burns

SHIB Super Store’s Burns

The record noted that SHIB Super Store, the one owned by Travis Johnson, initiated a total of 190,016,768 (190.01M) SHIB via organizing five Weekly burn Events in October. 

The store conducted a burn that claimed 32,584,181 (32.58M) SHIB on the 31st of October in one significant transaction.

1CENT’s Burns

Another community-led burns initiative, 1 CENT token sent a whopping 89,080,603 (89.08M) SHIB through 5 separate transactions in October, having its last burn of October to 22,432,755 (22.43M) SHIB in one massive transaction.

Read Also: Dogecoin Spikes Following Elon Musk’s Acceptance Of Twitter Deal. further noted the past 24 hours’ burn claimed a total of 23,232,755 (23.23M) SHIB in just 2 separate transactions.

Notably, Shiba Inu is getting set for a massive upcoming bull run. In this premise, Shiba Inu’s mainstream adoption is also on the rise as various companies are navigating their path to add it as a payment method on their platform.

Shiba Inu Has Massive Adoption Recently

It is worth noting that the two estate platforms, Pacaso and recently added Shiba Inu as a payment option.

Aside from the series of adoption, the whale has been faithful to its activities as the newly launched wallet purchased a whopping 3.369 trillion SHIB recently.
SHIB Top Among 1000 ETH Biggest Whales

In this regard, SHIB has been placed in the top position among the 1000 biggest ETH Whales. The top 1000 Whales collectively hold $103,392,245 ($103.39M) worth of Shiba Inu in their wallets.

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Dr. Olajide Samuel juggles the demands of medical studies with a passion for cryptocurrency. A seasoned blogger, Olajide shares his vast global knowledge of the crypto space, offering insights to enthusiasts. Despite his busy schedule, his commitment to crypto remains strong, and he actively seeks ways to contribute to its future.