Crypto exchange Crypto.com sent 19,400,000 Shiba Inu tokens (SHIB), to the burn address. This makes the total SHIB burn rise to 10,109% in 24 hours.
In the last few weeks, the number of transactions that burned SHIB tokens has declined as investors hold onto their SHIB tokens in anticipation of the launch of Shibarium Layer-2 on February 14. Valentine’s Day.

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Crypto.com Sends More Than 19 Million SHIB tokens to Burn Wallet
According to Shibburn’s Shiba Inu burn tracker, total 20,929,491 SHIB coins were burned within the last 24 hours. To reduce the supply of Shiba Inu tokens, four transactions contributed to the burn.
The wallet address 0x463…758 was responsible for the largest burn of 19,400,000 in 24 hours. The wallet address 0x463…758 was linked to Crypto.com. It burned over 19 million SHIB on February 7, at 16:00 UTC.
The SHIB burns have fallen in the last few days due to the anticipated launch of Shiba Inu’s Layer-2 blockchain solution Shibarium. As Shytoshi Kusama, the lead developer of Shibarium, suggested that investors would hold their SHIB tokens, SHIB token holders are now holding onto their tokens.
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The Unification team that works on the Shibarium has revealed in its developer update, that the launch of the Shibarium could be delayed. It is expected to launch in Q1 of this year.
Every transaction will result in Shibarium burning SHIB. Additionally, trillions upon trillions of Shiba Inu are set to be destroyed and taken out of circulation for good.
Shiba Inu Price To Hit $1
The Shiba Inu community expects that the Shibarium beta launch will propel prices to $1 this year. Experts believe that $0.01 is still possible but that $1 is very unlikely.

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The SHIB price has risen nearly 2% over the past 24 hours. It currently trades at $0.00001423. The low and high for the 24-hour are $0.00001448 and $0.00001387, respectively.
The Shibarium’s gas token BONE trades at $1.82, nearly 2% higher than its 24-hour low of $1.75.
Also read: How Shiba Inu Communities Can Make Binance List Before Shibarium

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