Top Whale Moved $34.31 Million in Shiba Inu Tokens as SHIB Burn Rate Skyrockets Over 1300% in 24 Hours.
Etherscan.io data reveals that the mysterious wallet reallocated 4,454,530,677,374 (4.45 trillion) SHIB, valued at $34,567,158 ($34.56 million) to the unknown wallet in a single transaction. The massive transfer occurred about 3 hours ago from press time.
The eye-popping transfer comes a day after the sender wallet amassed 4,464,530,677,374 (4.46 trillion) SHIB, equivalent to $34,644,758 ($34.64 million) from Bitvavo, a Netherlands-based crypto exchange, in one significant transaction.
Following the recent transfer, the sender’s wallet holds zero SHIB, while the recipient’s wallet catapults to the 25th position among Shiba Inu’s biggest holders.
In a parallel development, the Shiba Inu community displayed an unwavering commitment to reducing the massive supply of SHIB tokens. The latest data from Shibburn.com reveals that the Community has collectively burned 115,824,508 (115.82 million) SHIB through ten individual transactions in the past 24 hours. This showcases a notable 1374.07% increase in burn rate compared to the last day.
In the past 24 hours, there have been a total of 115,824,508 $SHIB tokens burned and 10 transactions. Visit https://t.co/t0eRMnyZel to view the overall total of #SHIB tokens burned, circulating supply, and more. pic.twitter.com/T2sOwr2gpU
— Shibburn (@shibburn) November 3, 2023
SHIB Dream, a newly launched NFT project powered by Shib CoOP, emerges as the top SHIB burner of the day. The project conducted a single transaction transferring 100,000,000 (100 million) SHIB tokens to the dead wallet about 18 hours ago from the time of this report.
Attention #SHIBARMY! As promised the $SHIB Dream NFT Collection has just burned another 100,000,000 Shiba Inu Tokens bringing our burn total to 450,000,000 tokens burned less than a week! ?
Hope you are watching cause we have already given thousands in prizes to your holders… https://t.co/GYXO3Nw3N9 pic.twitter.com/tZZvIQrytH
— Shib Dream * Shiba Inu News * Shib Army Social ? (@theshibdream) November 2, 2023
SHIB Dream NFT has torched 450,000,000 (450 million) SHIB tokens in less than a week.
Despite these positive developments, Shiba Inu remains on the back foot. As of writing, Shiba Inu is trading at $0.000007747, down –2.64 % over the last day, with a 24-hour volume of $141,697,532 ($141.69 million).
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