HomeCrypto NewsMarketUnknown Wallet Burns 10 Million Shiba Inu in One Transaction

Unknown Wallet Burns 10 Million Shiba Inu in One Transaction

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Millions of Shiba Inu keep on burning.

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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.

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.

 

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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
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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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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