cryptovibes.com
The latest analysis shows that a mysterious wallet burned 51.74 million SHIB. More than 53.08 Million Shiba Inu (SHIB) has been sent to the “inferno” addresses within the last 24 hours, with 51.74 Million sent in a single transaction.
Shibburn.com recently published that Shiba Inu Community has cut circulating supply by another 53,087,618 (53.08M) canine-themed tokens via two separate transactions within 24 hours.
In the past 24 hours, there have been a total of 53,087,618 $SHIB tokens burned and 2 transactions. Visit https://t.co/t0eRMnhnPL to view the overall total of #SHIB tokens burned, circulating supply, and more. #shibarmy
— Shibburn (@shibburn) November 16, 2022
The mysterious wallet is now recognized as the Top SHIB Burner of the Day as it permanently eliminated an astounding 51,743,223 (51.74M) SHIB from circulation in one major transaction.
🔥 51,743,223 $SHIB -> transferred to dead wallet. https://t.co/pNxI0Q7Ubf
— Shibburn (@shibburn) November 15, 2022
This massive burn from the unknown wallet caused the Shiba Inu Burn rate to explode by 105.82% within the past 24 hours. The burn rate increased by 152.80 compared to the past 24 hours.
EtherScan Data
Based on data acquired from Etherscan.io, the unknown wallet executed its first-ever SHIB Burn transaction on November 11 to incinerate 10,000,000 SHIB. On the same day, the wallet sent another 1,999,999 (1.99M) SHIB to the dead wallet in a distinct transaction. About 12 hours ago, the wallet burnt 51,743,223 (51.74M) coins.
This unknown wallet destroyed 63,743,223 (63.74M) SHIB in three separate burn transactions within the last four days.
On the flip side, the biggest Shiba Inu holders continue to splurge millions of dollars to fill up their SHIB bags. As reported previously, the 7th largest Shiba Inu Whale splurged a staggering $6.11 million to accumulate 655.75 Billion SHIB in three distinct transactions.