CryptoCom Related Wallet Burns 19M Shiba Inu

Crypto.com’s related wallet burns 19 Million Shiba Inu (SHIB) in a single transaction.

Shibburn.com recently reported a major burn transaction of the day. As per the report, a total of 19,400,000 (19.40M) SHIB has been moved to a dead wallet in a single transaction.

? 19,400,000 $SHIB -> transferred to dead wallet. https://t.co/tQjWn4738H

— Shibburn (@shibburn) December 12, 2022

As per Etherscan.io data, the transaction has been carried through one of the Cryptocom-associated wallets tagged “Crypto.com 2”. The transaction is executed about 2 hours ago from press time.

Crypto.com User Burned 19.40 Million SHIB

This caused Shiba Inu’s burn rate to surge by only 15% over the last day and the total amount of burned SHIB tokens in the past 24 hours now stands at 28,072,095 (28M).

Shiba Inus Burn Rate Surges 15 Over the Last Day

Shiba Inu’s Burn Saga continues despite widespread selloffs in the global crypto market. As reported earlier by The Crypto Basic, Shiba Inu Community has removed a whopping 90,061,737 (90.06M) SHIB through 44 separate transactions in the last seven days.

The said burn didn’t immediately impact Shiba Inu’s price. At the time of writing, Shiba Inu is trading at the price of $0.00000887, down -4.23% over the last day, with a 24-hour trading volume of $148,148,890 ($148.14M).

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