Whale Burns Large amount of SHIB in a Single Hour 🔔
price surge coming 📣
Shibburn, a popular blockchain wallet tracker, revealed that an anonymous whale recently burned 2,020,624,700 Shiba Inu (SHIB) coins in a single transaction. Despite this massive burn, SHIB’s price continues to struggle, hovering below the $0.00003 level after falling from $0.00003316 earlier this week.
🔥 *Over 2 Billion SHIB Incinerated*
In the past 24 hours, the Shiba Inu community collectively burned 2,022,950,833 SHIB through seven transactions. The largest contribution came from one anonymous whale, who sent over 2 billion SHIB to a dead wallet in a single move. Despite its scale, the transaction's fiat equivalent was only $59,608. The second-largest burn involved just 900,000 SHIB.
📈 *Burn Rate Surges*
These burns pushed SHIB's burn rate up by 3,162.56%. Many speculate that the massive burn was conducted by @Shibtoshi_SG, the founder of SquidGrow, who also burned over 1 billion SHIB last week. Combined efforts in the previous month led to 3.16 billion SHIB being destroyed.
While debates over burning strategies persist, lead developer Shytoshi Kusama reiterates that increased utility on Shibarium will naturally boost burns. Developer Kaal Dhairya has also hinted at upcoming improvements to the burn mechanism following maintenance.
