Unknown Wallet Burns 519 Million Shiba Inu In Single Transaction, 1.12 Billion Disposed of Since Birth

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As the Shiba Inu burning exercise continues, the past 24 hours have seen over 573.94 Million SHIB tokens sent to dead wallets. Furthermore, an unknown user was responsible for burning 519.45 Million in one significant transaction. 

According to Shibburn.com, the Shib Army sent 573,944,829 (573.94M) tokens to dead wallets through 31 separate transactions in the past 24 hours.

Related: Shiba Inu Burnt 1.21 Billion Tokens In A Week, 76 Million in 24 Hours

Unknown Wallet Burns Over 1.12 Billion Shiba Inu Since Inception

Shibburn also reported that an unknown wallet sent 519,456,549 (519.45M) SHIB to dead wallets in a significant transaction during the same 24 hours, contributing to a substantial part of the token burning.

It is important to note that the unknown wallet started operating on November 16  2021. Since its birth, the wallet has burned 1,121,623,326 (1.12B) SHIB tokens in three separate transactions.

According to Etherscan.io, this wallet’s first SHIB Burn transaction happened on June 13th, 2022. As a result, the first transaction from the anonymous user disposed of 149,999,999 (149.99M) Shiba Inu.

The unknown user performed the second SHIB Burn transaction on July 16th, through which 452,166,778 (452.16M) SHIB were taken out of circulation. Furthermore, on July 18th, 519.4 Million SHIB were destroyed. So far, the wallet has burnt 1.12 Billion Shiba Inu.

Read more: Luxury Yacht Services Company Now Accepts Bitcoin, Shiba Inu, Dogecoin and Other Cryptocurrencies as Payment Methods.