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HomeCrypto NewsMarketMysterious Wallet Burns 309 Million Shiba Inu In Two Days After Launch

Mysterious Wallet Burns 309 Million Shiba Inu In Two Days After Launch

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Mysterious Wallet Looks Serious to Reduce Circulating Supply of Shiba Inu (SHIB).


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The Wallet Burned 309.50 Million SHIB in the two days and 97.54 Million in the past 24 Hours.

More than 168 Million Shiba Inu (SHIB) tokens have been taken out of circulation forever in the past 24 Hours. The mysterious wallet keeps burning millions of SHIB tokens in every transaction. The wallet incinerated 309.50 Million SHIB in the past two days and 97.54 Million in the past 24 hours.

According to Shibburn.com, another 168,824,571 Shiba Inu (SHIB) tokens have been sent to the “inferno” addresses in 13 separate transactions in the past 24 hours, bringing a total of burned tokens to 410,378,316,599,084 (410.37T), which makes up 41.037% of the initial supply of 1 quadrillion.

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309 Million Shiba Inu Burnt By Mysterious wallet

Etherscan.io data confirms that the mysterious wallet that came to life on August 23, 2022, has burnt 309,501,863 (309.50M) SHIB in 6 separate transactions.

The mysterious wallet incinerated a whopping total of 97,548,042 (97.54M) SHIB tokens in two transactions during the last 24 hours.

In the first transaction, the mysterious wallet destroyed 48,569,778 (48.56M) SHIB. After a few hours, the same wallet performed another transaction and wiped out another 48,978,264 (48.97M) SHIB tokens from circulation forever while sending them to the Shib burn address.

On August 23rd, the mysterious wallet sent 111,635,927 (111.63M) SHIB to the dead wallet in two separate transactions. On August 24th, the wallet carried two more transactions and permanently moved out 100,317,894 (100.31M) SHIB from circulation.

Shiba Inu Burn
Shiba Inu Burn

The wallet has burned 309.50M in two days since launch.

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.

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Author

Zabi
Zabi
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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