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New Burn Record: 10 Billion Shiba Inu (SHIB) Destroyed In a Single Transaction

New Shiba Inu (SHIB) burn record has recently been set. A few hours ago, a Shiba Inu mysterious wallet sent billions of SHIB tokens to an inferno wallet, where they will be permanently inaccessible, setting a new record in the process.

Shiba Inu Mysterious Whale Burns 10 Billion SHIB

According to Shibburn, the platform that tracks all transactions of SHIB tokens to dead wallets, there was a record Shiba Inu burn a few hours ago.

Read Also: Rain Crypto Exchange Just Listed Shiba Inu As SHIB Gains Recovery Momentum

Going by the report, a mysterious Shiba Inu whale wallet destroyed a whopping 10 billion SHIB tokens worth about $124,300 at the time the transaction was initiated. It’s also worth noting that the massive SHIB burn only took the whale a single transaction.

New Burn Record: 10 Billion Shiba Inu (SHIB) Destroyed In a Single Transaction

Shibburn tweeted, “In the past hour, there have been a total of 10,028,551,985 SHIB tokens burned and 6 transactions.”

Read Also: Google Trend Study Says Shiba Inu (SHIB) is the Most Popular Crypto in the United Kingdom (UK)

Largest Single Transaction SHIB Burn

The recent massive burn is regarded as the largest community-led burn since the Shiba Inu burn initiative was introduced. It’s also the biggest single transaction burn since the SHIB Burn portal went live.

According to the chart shared by Shibburn, the latest burn has massively increased the SHIB burn rate, which has surged over 5063% within the last 24 hours.

New Burn Record: 10 Billion Shiba Inu (SHIB) Destroyed In a Single Transaction

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As seen on the SHIB Burn Portal website, 41.2 billion SHIB tokens have been removed from the circulating supply since the launch of the burn portal, via about 1,000 transactions.

New Burn Record: 10 Billion Shiba Inu (SHIB) Destroyed In a Single Transaction


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Solomon Odunayo
Solomon Odunayo
Solomon is a trader, crypto enthusiast, and analyst with over four years of experience in the industry. He strongly believes that crypto assets and the blockchain will continue to gain prominence. At TimesTabloid.com, he focuses on news, articles with deep analysis of blockchain projects, and technical analysis of crypto trading pairs.
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