Shibburn.com recently reported 36,423,403 dead wallets in a transaction that took place. SHIB announced the transfer. These tokens are no longer usable, in short, it can be said that they were burned.
🔥 36,423,403 $SHIB -> transferred to dead wallet. https://t.co/b5ey704Jdv
NEWS CONTINUES BELOW— Shibburn (@shibburn) January 17, 2023
According to data provided by Etherscan.io, the transfer is based in Seychelles today. cryptocurrency The exchange was made by the newly created wallet, which purchased a large number of tokens totaling 36.42 Million Shiba Inu in a single transaction from one of the wallets labeled “KuCoin 9” linked to KuCoin. Shortly after the purchase, the wallet transferred all the accumulated tokens to the “Null address” and currently holds zero SHIB.
The massive SHIB Incineration caused the overall SHIB burn rate to increase by 44.63% over the past 24 hours.
on the other hand shiba inu team announced that each transaction performed on the Shibarium Network will burn the Shiba Inu. The team also announced that they are working on the revamped SHIB Burn specifically for the Shibarium Network and will be available shortly after the highly anticipated Shibarium Beta launch.
As previously reported by Koinfinans.com, the Bugatti Group and the Shiba Inu team have joined forces to launch a Major Giveaway event for the Shiba Inu Community. Participants will have the chance to win a unique prize package that includes a custom-designed Shiba Inu X Bugatti NFT as well as $300 worth of luxury luggage.
Source : The Crypto Basic