An anonymous wallet has burned 10 million Shiba Inu SHIB/USD in one transaction.
What Happened: Over 12.94 million SHIB has been eliminated through ten multiple transactions in the last 24 hours, according to Shibburn.com.
? 10,000,000 $SHIB -> transferred to dead wallet. https://t.co/nCRakbQEr4 Shibburn (@shibburn) January 19, 2023
According to Etherscan.io, the mysterious wallet still holds 10.74 million SHIB, which it may destroy in the near future.
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SHIB was up 20%, in the last seven days, beating Dogecoin's 0.4% gains DOGE/USD . It picked up momentum as the projects lead developer Shytoshi Kusama shared updates on Shibarium a much-awaited Layer-2 blockchain solution.
The significant burn occurred after a major Australian crypto exchange, Cointree, listed Shiba Inu on its platform.
Price Action: SHIB was up 2% in the last 24 hours, trading at $0.00001139,according to Benzinga Pro.
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