The Shiba Inu Army continues to dump its tokens by locking them into addresses where they cannot be withdrawn or otherwise spent.
Shiba Inu community burns 230 million tokens
Recently, the SHIB Army seems to have redoubled its efforts in destroying Shiba Inu coins to reduce the circulating supply of the second-largest dog cryptocurrency.
According to the data accumulated by the aforementioned Twitter account from etherscan on its website, in the past two days, more than 230 million Shiba Inu have been burned.
The most significant transfer to the “hell” wallet here brought over half of the total amount— 168,944,352 meme tokens.
As seen on the SHIB/USD chart on TradingView, Binance, since March 24, the second-largest meme token has increased in price 4.88%, rising from $0.00002505 to $0.00002543.
According to IntoTheBlock, Shiba Inu’s profits have shown a growth of 41% after falling to 35% earlier this month. 200,588,182,473 SHIB for almost $5 million. With this added to his previous purchase made six days ago, this wallet now holds 3,914,263,607,418 SHIB coins.
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