Wednesday, February 1, 2023
HomeCrypto NewsShiba InuMysterious Wallet Unstaked and Burned 108.47M Shiba Inu

Mysterious Wallet Unstaked and Burned 108.47M Shiba Inu

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Unstaked from Shiba Inu DEX Kwon as ShibaSwap and sent to the “Null Address,” the mysterious wallet removed 108.47 million Shiba Inu (SHIB) from circulation.

Recently, a significant burn transaction from an enigmatic wallet was reported by Shibburn.com. 

According to the report, the unidentified wallet made a significant transaction in the last hour that permanently removed a startling 108,476,685 (108.47M) SHIB from circulation.

The big burn happened after an unidentified wallet unstaked 108,476,685 (108.47M) SHIB from the ShibaSwap DEX in a single transaction, according to data from Etherscan.io. 

This transaction took place roughly 18 hours before publication. One hour ago, the unidentified wallet made a significant burn after unstaking.

The unknown wallet staked these SHIB tokens on the ShibaSwap DEX on January 10th, and on the same day, this wallet bought them from a Coinbase wallet marked “Coinbase 10,” then today burnt them all.

The entire SHIB burn rate increased by 294.81% over the previous day due to this significant burn transaction.

However, the price of Shiba Inu did not appear to be affected immediately by this transaction. 

Shiba Inu’s price was $0.000012 at the time of publication, down -0.75% from the previous day, with a $238,094,482 ($238.09M) 24-hour trading volume.

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