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https://u.today/316-million-shib-burned-in-2-days-while-shib-surpasses-ftt-on-top-10-holdings-list
Submission: On June 16 via api from US — Scanned from DE
Submission: On June 16 via api from US — Scanned from DE
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WE VALUE YOUR PRIVACY We and our partners store and/or access information on a device, such as cookies and process personal data, such as unique identifiers and standard information sent by a device for personalised ads and content, ad and content measurement, and audience insights, as well as to develop and improve products.With your permission we and our partners may use precise geolocation data and identification through device scanning. You may click to consent to our and our partners’ processing as described above. Alternatively you may access more detailed information and change your preferences before consenting or to refuse consenting.Please note that some processing of your personal data may not require your consent, but you have a right to object to such processing. Your preferences will apply to this website only. You can change your preferences at any time by returning to this site or visit our privacy policy. AGREE MORE OPTIONS MAIN NAVIGATION * News * Bitcoin (BTC) News * Ethereum (ETH) News * Ripple and XRP News * EOS News * TRON (TRX) News * Stories * Wikicoin * Opinions * Interviews * Price Analysis * Bitcoin (BTC) Price Analysis * Ethereum (ETH) Price Analysis * XRP Price Analysis * TRON (TRX) Price Analysis * EOS Price Analysis * Guides * Mining * Wallets * Trading bots * Cryptocurrency Trading * Exchanges * Crypto Lending * Blockchain * PR * Press releases * Submit Press Release * Sponsored * Advertise * Partners * Request an Interview * Mentions * About * Contacts * Terms and conditions * Privacy policy * Consent settings * Cookies policy * Editorial Policy * Our Franchise * Jobs 316 MILLION SHIB BURNED IN 2 DAYS, WHILE SHIB SURPASSES FTT ON TOP 10 HOLDINGS LIST Facebook Twitter Telegram Copy URL News Thu, 06/16/2022 - 09:28 Yuri Molchan While Shib has succeeded in surpassing FTX in whales' wallets, community has destroyed massive amount of coins within 2 days Cover image via www.freepik.com Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose. Read U.TODAY on Google News Contents * 316 million SHIB burned * SHIB surpasses FTX as whales' top holding Over the past two days, the Shiba Inu community has gotten rid of a substantial amount of SHIB, locking them in unspendable wallets. In the meantime, the second largest canine crypto has surpassed its regular superior, FTX Token, in the 10th spot among the largest crypto holdings by USD value over the past 24 hours. 316 MILLION SHIB BURNED Over the past two days, the SHIB army has shifted a total of 315.7 million Shiba Inu canine coins to dead-end wallets, removing them from the overall SHIB supply circulating out there at the moment. In the past 24 hours, various burn projects transferred 75,737,142 coins, taking 11 transactions to lock that many SHIB. On June 14, the amount of SHIB burned over 24 hours comprised more than a quarter of a billion—239,535,584 Shiba Inu. Burning tokens is a normal practice in the crypto space as it is a foolproof method to reduce the circulating amount of cryptos and thus increase the odds of its price surging in the long term. Ads SHIB burns take place on a regular basis, with multiple projects burning as many meme coins as they can afford to buy. Related Shiba Inu (SHIB) Price Suddenly Spikes 14%. Here's Why SHIB SURPASSES FTX AS WHALES' TOP HOLDING WhaleStats on-chain data platform, which is focused on the top 100 wallets on Ethereum, BSC, Polygon and other chains, has spread the word about Shiba Inu swapping places with a coin that usually holds one spot higher than SHIB on the list of ETH whales' top 10 holdings. This time, Shiba has surpassed FTX Token (FTT), the native coin of the popular U.S.-based FTX exchange. However, along with this, the total amount of SHIB held by these whales has dropped slightly below $400 million, reaching a negative milestone. SHIB is now sitting in third place, with FTT holding fourth place. As of this writing, the top 100 whales on Ethereum chain hold $391,244,610 worth of Shiba Inu, while this amount used to exceed $500 million, or even $1 billion, before the bear market started and the SHIB price made a significant move downward. As for FTX Token, the total amount of this this coin owned by whales at present is $328,626,696 in FTT, which is 9.28% of their comprised portfolio. As for SHIB, it constitutes 11.7% of it. Image via WhaleStats Despite FTT sort of losing popularity with whales, the owner of the "BlueWhale0079" wallet, who has bought roughly 500 billion SHIB this month, has acquired 250,000 FTX, evaluated at $6,112,500. This whale is currently ranked 410th, according to the WhaleStats scale. #Shiba Inu (SHIB) News #Cryptocurrency Whales #Token Burn About the author Yuri Molchan Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc. Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today. Jeffrey Gundlach Sees Bitcoin Dropping to $10K 06/16/2022 - 08:42 Jeffrey Gundlach Sees Bitcoin Dropping to $10K Alex Dovbnya Total Flows on Exchanges Show 370% Rise as Market's Volatility Is Topping 06/16/2022 - 08:32 Total Flows on Exchanges Show 370% Rise as Market's Volatility Is Topping Arman Shirinyan Ripple Says That It's in Strong Position to Continue Growing 06/16/2022 - 06:34 Ripple Says That It's in Strong Position to Continue Growing Alex Dovbnya Ads Submit Press Release Like utoday.en Follow @utoday_en Watch utoday Join @utoday_en BTC $ 21,227.5 (3.32%) USD € 20,404.6 (4.00%) EUR ¥ 155,361.7 (-1.67%) CNY £ 17,472.6 (2.89%) GBP POPULAR 316 Million SHIB Burned in 2 Days, While SHIB Surpasses FTT on Top 10 Holdings List Jeffrey Gundlach Sees Bitcoin Dropping to $10K Total Flows on Exchanges Show 370% Rise as Market's Volatility Is Topping Ripple Says That It's in Strong Position to Continue Growing Shiba Inu (SHIB) Price Suddenly Spikes 14%. Here's Why BREAKING: Bitcoin Remains Steady as Fed Announces Biggest Rate Hike Since 1994 Now It’s “Ideal Entry Point” for Bitcoin: Michael Saylor Shibarium Coming Soon, Two Indicators Show BTC Reached Bottom, ADA and XRP Face Institutional Inflows: Crypto News Digest by U.Today Percentage of Ethereum Addresses Profiting from Their Positions Drops to Multi-Year Low Polygon's Co-Founder Shares His (Moderately Optimistic) Take on This Market Cycle Bottom Show all Follow us and get all crypto news 24/7 MAIN NAVIGATION * News * Bitcoin (BTC) News * Ethereum (ETH) News * Ripple and XRP News * EOS News * TRON (TRX) News * Stories * Wikicoin * Opinions * Interviews * Price Analysis * Bitcoin (BTC) Price Analysis * Ethereum (ETH) Price Analysis * XRP Price Analysis * TRON (TRX) Price Analysis * EOS Price Analysis * Guides * Mining * Wallets * Trading bots * Cryptocurrency Trading * Exchanges * Crypto Lending * Blockchain * PR * Press releases * Submit Press Release * Sponsored * Advertise * Partners * Request an Interview * Mentions * About * Contacts * Terms and conditions * Privacy policy * Consent settings * Cookies policy * Editorial Policy * Our Franchise * Jobs Disclaimer: Any financial and market information given on U.Today is written for informational purpose only. 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