30M Shiba Inu Burnt In 1 Transaction, Burn Rate Spikes 800%

Single wallet burned 30M Shiba Inu.

Over 34.20 Million Shiba Inu (SHIB) has been removed from circulation forever in 24 hours, 30 Million SHIB in a single transaction. Shiba Inu’s Burn Rate skyrockets 820.84% over the last day.

Shiba Inu Community has made three burn transactions in the past 24 hours and destroyed 34,203,073 (34.20M) SHIB.

In the past 24 hours, there have been a total of 34,203,073 $SHIB tokens burned and 3 transactions. Visit https://t.co/t0eRMnzx3T to view the overall total of #SHIB tokens burned, circulating supply, and more. #shibarmy

— Shibburn (@shibburn) November 11, 2022

As per the report, the mysterious wallet burned a whopping 30,000,000 (30M) SHIB in one significant transaction.

? 30,000,000 $SHIB -> transferred to dead wallet. https://t.co/FNNFCuyGkg

— Shibburn (@shibburn) November 11, 2022

The massive burn transaction was executed about 2 hours ago, as per Etherscan.io.

Mysterious Wallet Burned 30 Million SHIB

Moreover, the said transaction caused Shiba Inu’s burn rate to surge 820.84% over the last day when the Community-led burn initiatives were able to reduce the SHIB circulating supply by only 3,714,331 (3.71M) tokens.

SHIB Burn Rate Skyrockets 820.84 in the Past 24 Hours

Despite the widespread selloff in the global crypto market, Shiba Inu successfully defended its crucial support level located at $0.0000093 on the daily chart.

SHIB Stands Firm on Crucial Support 1D

At press time, Shiba Inu is trading at the price of $0.00001014, up 5.34% over the last day, with a 24-hour trading volume of $464,288,364 ($464.28M).

— Advertisement —

Source