Mysterious Wallet Burns Whopping 519 Million Shiba Inu In Single Transaction, 1.12B In Total Since Birth

Mysterious User Burned a Whopping 519.45 Million Shiba Inu (SHIB) In Single Transaction.

Over 573.94 Million Shiba Inu (SHIB) have been burned in 24 hours; 519.45 Million in one significant transaction by an unknown user.

According to Shibburn.com, Shiba Inu Community has sent 573,944,829 (573.94M) Shiba Inu to dead wallets through 31 separate transactions in the past 24 hours.

In the past 24 hours, there have been a total of 573,944,829 $SHIB tokens burned and 31 transactions. Visit https://t.co/t0eRMnyZel to view the overall total of #SHIB tokens burned, circulating supply, and more. #shibarmy

— Shibburn (@shibburn) July 19, 2022

During the specified period, the mysterious wallet contributed the major part of the burn sending a whopping 519,456,549 (519.45M) SHIB to the “inferno” address in one noteworthy transaction, Shibburn.com reports.

?? 519,456,549 $SHIB -> transferred to dead wallet. https://t.co/cXMAR2Lg4Y

— Shibburn (@shibburn) July 18, 2022

Upon investigation, TheCryptoBasic found that the mysterious wallet came into existence on 16^th November 2021. Since its inception, the unidentified wallet has burned a total of 1,121,623,326 (1.12B) Shiba Inu in three separate transactions.

According to Etherscan.io, the first SHIB Burn transaction from this wallet was recorded on June 13^th, 2022. This first transaction, from the anonymous user, incinerated a total of 149,999,999 (149.99M) Shiba Inu.

The mysterious user performed the second SHIB Burn transaction on July 16^th, through which 452,166,778 (452.16M) SHIB were taken out of circulation.

And on July 18th, 519.4 M Shib were destroyed. In total, the wallet has burnt 1.12B Shiba Inu so far.