Friday, October 7

A Mysterious Wallet Initiates A Burn Of Over 309 Million In Two Days

A mysterious wallet that surfaced on the 23rd of August has reportedly destroyed 309.50 Million SHIB in two days and 97.54 Million in the past 24 hours and according to the website that monitors the Shib burn, a whopping 168,824,571 Shiba Inu (SHIB) tokens have been sent to the “inferno” addresses.

Read Also: Tota Burned LUNC Stands At 3.08 Billion As 1.2% Burn Proposal Is Duly Followed

An August Born Mysterious Wallet Initiated A Massive Burn

According to Etherscan.io data, a mysterious wallet came into existence on the 23rd of August, 2022 has sent a total of 309,501,863 (309.50M) SHIB in 6 separate transactions into the dead wallet.

According to the data, the mysterious wallet burned a whopping 97,548,042 SHIB tokens in two transactions over the past 24 hours.

Over 48.56 million SHIB was destroyed by the wallet in the first transaction after some hours, the wallet initiated another transaction which claimed over 48.97 million SHIB tokens from circulation.

And also on the 23rd of August, the mysterious wallet destroyed a total of 111,635,927  SHIB in just two separate transactions.

Source: Etherscan

More also, two transactions were initiated on the 24th of August by the wallet and claimed 100,317,894 SHIB from circulation, this makes the total burn by the mysterious wallet to be 309.50 million since its inception.

Read Also: Billy Marcus Rejected $14 million Given To Betray The Doge Community: Detail

Shibburn Record

Another burn was recorded by Shibburn.com which claimed 168,824,571 Shiba Inu (SHIB) tokens in 13 separate transactions over the past 24 hours, making the total burn to be 410,378,316,599,084 which represents almost 41.037% of the previous supply of 1 quadrillion.

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