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HomeCrypto NewsMarketMysterious Wallet Burns 101 Million Shiba Inu In One Transaction

Mysterious Wallet Burns 101 Million Shiba Inu In One Transaction


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Shib Burn Rate Skyrockets as Mysterious Wallet Burned 101.66 Million Shiba Inu in One Transaction.

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The burn rate for Shiba Inu (SHIB) has spiked 203.03% in the past 24 hours as the mysterious wallet incinerated 101.66 million SHIB in one significant transaction. Overall, the Shiba Inu Community was able to destroy 133 million Shiba Inu tokens.

Shibburn.com, the official SHIB Burn tracker, reported that the Shiba Inu Community has sent a noteworthy total of 133,006,651 (133M) SHIB to the “inferno” addresses in 18 separate transactions in the past 24 hours.

The unknown wallet contributed a major amount and burned a total of 101,660,453 (101.66M) SHIB in one significant transaction.

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Soon after the transaction, the Shiba Inu burn rate spiked a whopping 203.03%, Shibburn reports

SHIB Burn Rate
SHIB Burn Rate

Shiba Inu Becomes the 3rd Most Followed Cryptocurrency on Twitter:

Following Binance Coin (BNB) and Bitcoin (BTC), Shiba Inu has become the 3rd most followed cryptocurrency with over 3.45 million followers. Binance Coin (BNB) holds the top spot with 9.32 million followers, whereas Bitcoin (BTC) is standing at the second spot with 5.47 million followers.

At press time, Shiba Inu is trading at the price of $0.00001297, down -12.83% over the last day, with a 24-hour trading volume of $794,623,447 ($794.62M).

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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.



Zabi is crypto enthusiastic with more than 10 years of experience in managing Google News-approved Finance websites. Zabi has a strong background in finance with a thorough understanding of cryptos and a solid grip on the crypto and financial market industry. Along with his passion for crypto writing, Zabi manages his personal stock and finance-related Google News-approved websites.

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