According to the platform’s website, over half of the SHIB tokens that were burned were sent to an unspendable address in a single transfer—a total of 145,686,435 tokens.
According to the website, the second most popular meme coin currently has a circulating supply of 551,702,456,548,173 SHIB, making it the second most popular meme coin overall.
A total of 37,985,050,733,100 tokens have been staked on cryptocurrency exchanges such as Binance and ShibaSwap, among others.
The burn rate has decreased by 97.35 percent in the previous 24 hours, despite the fact that just a little more than 10 million SHIB have been ingested.
Robinhood adds Solana, Shiba Inu, Matic and COMP
Robinhood, a fintech trading platform, announced four new cryptocurrency tokens this morning, raising the total number of crypto currencies it offers to 11. There are a number of new tokens on the market, including Solana (SOL), a high-flying Ethereum competitor, Shiba Inu (SHIB), Ethereum scaling technology Polygon (MATIC), and the original decentralized finance token Compound (COMP).
The stock of SHIB jumped by nearly 25 percent within an hour of the announcement, whereas the other stocks gained by only a few percentage points.
An unusually significant number of Shiba Inu tokens have been removed from the circulating supply, according to data collected by the @shibburn tracking site during the previous few days. This time around, there were a total of 258,294,131 SHIB.