Robinhood Burns Over 450K SHIB in Two Ethereum Transactions

Retail broker Robinhood has burned over 450,000 SHIB tokens in two transactions on the Ethereum network within a 24-hour period.

The first transaction recorded on August 13 at 18:25:35 burnt 226,513 SHIB with a value of $1.00. The second transaction on August 14 at 13:09:11 removed 224,051 SHIB valued at $1.01. Both transactions were executed as standard burns and sent the tokens to Ethereum's burn address.

The cumulative total of burned SHIB stands at over 410 trillion tokens, representing a percentage of 41.08% of the initial supply that has been removed from circulation. Approximately 58.92% remains. The recent single-transaction burns form part of the ongoing reduction in SHIB supply and have contributed to price movement over the most recent 24 hours.