104M Shiba Inu Burnt, 79M By a Single Wallet in 24 Hours

Over 104.44 million Shiba Inu burned in the past 24 hours, 79.50 million by a single wallet.

Shiba Inu Community has transferred 104,441,651 (104.44 million) Shiba Inu to the dead wallet through eight separate transactions in the past 24 hours.

In the past 24 hours, there have been a total of 104,441,651 $SHIB tokens burned and 8 transactions. Visit https://t.co/t0eRMnyZel to view the overall total of #SHIB tokens burned, circulating supply, and more.

— Shibburn (@shibburn) June 27, 2023

This represents a notable 350% increase in Shiba Inu’s burn rate compared to the previous day, where the Community has burned a mere 23,143,589 (23.14 million) SHIB through six individual transactions.

The mysterious wallet and MARSWAP (MSWAP) emerged as the Top SHIB Burners of the Day.

Mysterious Wallet

The biggest transaction of the day comes from the mysterious wallet. The unknown wallet sent 79,500,000 (79.50 million) SHIB to the Inferno address in a single transaction. Per Shibburn.com data, the transaction took place about 15 hours ago.

🔥 79,500,000 $SHIB -> transferred to dead wallet. https://t.co/ez0K4zY6O7

— Shibburn (@shibburn) June 26, 2023

Following the burn, the mysterious wallet is left with 162,538,341,247 (162.53 billion) SHIB, worth $1,228,789 ($1.22 million).

MARSWAP (MSWAP)

Shortly after, MARSWAP (MSWAP), the newly emerged token, moved out 12,402,665 (12.40 million) SHIB from circulation through five consecutive transactions.

As reported by The Crypto Basic, the Community has set fire to 708,766,124 (708.76 million) SHIB through sixty-nine distinct transactions in the past week.

Shibarium Beta Testnet Progress Update

Shibarium Beta Testnet, dubbed Puppynet, is making significant strides in the crypto space as it reaches a new milestone. The network now hosts 16,975,058 (16.97 million) wallet addresses and has processed 24,842,706 (24.84 million) transactions. The total blocks now stand at 1,450,672 (1.45 million), with an average block time of only 5 seconds.

In addition, Koyo Token (KOY) has begun testing its perpetual trading and financial services platform on Shibarium Beta Testnet. The development has been confirmed by an active community member, Tezza Decentra.

#KoyoToken charts breaking out#Koyo perpetual trading and financial services platform development team has begun testing on #Shibarium puppy net https://t.co/QOyfvm4fsh… #KoyArmy #ShibArmy

Show me another #Shibarium project that has been built for the @Shibtoken… pic.twitter.com/j1ya6MzqYH

— Tezza Decentra (@Tezza4Ryoshi) June 24, 2023

The development is significant as Koyo Token has already burned 9,162,385,916 (9.16 billion) SHIB through multiple transactions.

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• Source: https://thecryptobasic.com/2023/06/27/104m-shiba-inu-burnt-79m-by-a-single-wallet-in-24-hours/?utm_source=rss&utm_medium=rss&utm_campaign=104m-shiba-inu-burnt-79m-by-a-single-wallet-in-24-hours