The @shibburn account, which represents the same-named burn transaction monitoring service, has announced that about 190 million Shiba Inu tokens have been removed from the circulating supply in the last 24+ hours.
Meanwhile, the second-largest canine cryptocurrency, which is rated 14 on CoinMarketCap, has gained 5% today, printing a large green candle on an hourly chart.
According to the people behind the @shibburn account, the SHIB community has completed seven transactions in the previous twenty-four hours, transferring a total of 189.7 million tokens to different unspendable addresses. Within the aforementioned time period, the most meme tokens transferred were 176,035,016 Shiba Inu.
A few hours later, another transfer of 8,946,544 SHIB occurred, bringing the total to 189.7 million canine coins burned by the SHIB army to 189.7 million.
SHIB may begin trading on this Middle Eastern exchange in the near future
As previously reported by U.Today, the Rain cryptocurrency exchange in the Middle East is contemplating listing the meme cryptocurrency. The exchange’s Twitter account recently addressed this question to the SHIB army in a tweet.
The platform just secured a stunning $110 million in an investment round led by Paradigm, a San Francisco-based crypto-focused investment firm. Rain will utilise the funds to develop its operations in Turkey and Pakistan.
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