Mysterious SHIB Whale Behind 1 Billion SHIB Burn Finally Identified

The $SHIB community has been inspired by yesterday’s mammoth 1.002 billion Shiba Inu token burn. One billion $SHIB coins were transferred to a dead-end wallet in a single burn transaction.

That resulted in the $SHIB burn skyrocketing by 8,099% on Monday. While, the meme coin’s community was guessing who the mysterious whale behind that staggering $SHIB burn was with multiple discussions on X within the $SHIB community, the whale has stepped forward to reveal itself.

1 billion $SHIB torched instantly

The aforementioned 1 billion $SHIB transaction remains the biggest single transfer over the past week, according the recent tweet published by the Shibburn blockchain tracker.

The tweet came out earlier today. It shows that over the past seven days, 1,093,130,656 $SHIB were ejected from circulation into zero wallets, increasing the weekly burn rate by 101.7%.

Meanwhile, over the past 24 hours, the community has managed to dispose of 33,136,646 $SHIB, meaning that the burn rate dropped sharply by 96.7% compared to the 8,099% spike a day before.

Mysterious 1 billion $SHIB burner unveiled

The largest transfer over that period carried 23,003,476 $SHIB. According to the $SHIB website, that burn was made from Shibarium gas fees – a minimal sufficient amount of BONE coins was converted into $SHIB and transferred to an unspendable wallet, i.e. burned.

As for the entity that burned the one billion Shiba Inu coins, it was the @1cDream X account that claims that its purpose is to burn billions and trillions of $SHIB. This account belongs to the CENT meme coin running on Shibarium.

The account commented on the Shibburn’s tweet about 1 billion $SHIB, saying: “We want to burn more!” and urging the $SHIB army to join forces with them to burn $SHIB coins together.