More than 21 mn Shiba Inu tokens burned in 24 hrs with 10 transactions.A total of 21,118,677 Shiba Inu tokens worth around $173 were burned from Thursday morning to Friday morning, data by Shibburn revealed. It took 10 transactions to send these tokens to dead wallets. The memecoin is currently trading at around $0.0000082 after a drop of 2.62% in the last 24 hours.
According to the SHIBA INU website, SHIB is the “DOGECOIN KILLER” and is listed on their own ShibaSwap, a DEX, Shiba Inu coin was created anonymously in August. 2020 under the pseudonym “Ryoshi,” Ryoshi says about himself that he is a nobody and not important and that the efforts to unmask his identity, even if successful, would be underwhelming.
This meme coin quickly gained speed and value as a community of investors was drawn in by the cute charm of the coin paired with headlines and tweets from personalities like Elon Musk and Vitalik Buterin. Vitalik Buterin was long believed to be the originator of Shiba Inu, but denied such rumors on the Lex Fridman podcast on June 5, 2021
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