Unknown Wallet Burns 10 Million Shiba Inu in One Transaction

Millions of Shiba Inu keep on burning.

A significant amount of Shiba Inu (SHIB), over 12.94 million, has been eliminated in the past day, with 10 million being eradicated in a single transaction.

According to Shibburn.com, the Shiba Inu Community has collectively moved a total of 12,948,572 (12.94M) SHIB to a “dead wallet” through ten multiple transactions in the past 24 hours.

In the past 24 hours, there have been a total of 12,948,572 $SHIB tokens burned and 10 transactions. Visit https://t.co/t0eRMnyZel to view the overall total of #SHIB tokens burned, circulating supply, and more. #shibarmy

— Shibburn (@shibburn) January 19, 2023

10 Million Shiba Inu Tokens Burned by Mysterious Wallet, Future Burns Possible

The major Shiba Inu burn transaction comes from the mysterious wallet. The unknown wallet removed a whopping 10 million Shiba Inu tokens from circulation forever by sending them to the “inferno” address in one significant transaction.

🔥 10,000,000 $SHIB -> transferred to dead wallet. https://t.co/nCRakbQEr4

— Shibburn (@shibburn) January 19, 2023

As per data provided by Etherscan.io, this significant burn transaction was executed hours ago. The data also suggests that the mysterious wallet may destroy more Shiba Inu coins in the near future, as it still holds 10,749,968 (10.74M) SHIB.

Mysterious Wallet Burned 10 Million SHIB

The significant burn comes after the major Australian crypto exchange listed Shiba Inu on its platform. As reported earlier by The Crypto Basic, Cointree announced that it now supports Shiba Inu (SHIB) and users can now trade the world’s 13th biggest canine-themed crypto on its platform.

In addition, the well-known South Korean cryptocurrency exchange Upbit has enabled South Korean users to trade SHIB against the South Korean national currency, the Korean Won.

   

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