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The SHIB community was inspired by yesterday’s mammoth 1.002 billion Shiba Inu token burn. One billion SHIB coins were transferred to a dead-end wallet in a single burn transaction.
That resulted in the SHIB burn skyrocketing by 8,099% on Monday. While the meme coin’s community was guessing who the mysterious whale was behind that staggering SHIB burn, with multiple discussions on X within the SHIB community, the whale has stepped forward to reveal themselves.
Gamza KhanzadaevOne billion SHIB torched instantly
The aforementioned one billion SHIB transaction remains the largest single transfer over the past week, according a recent tweet by the Shibburn blockchain tracker.
The tweet came out earlier today. It shows that over the past seven days, 1,093,130,656 SHIB were ejected from circulation into zero wallets, increasing the weekly burn rate by 101.7%.
Yuri MolchanMeanwhile, over the past 24 hours, the community has managed to dispose of 33,136,646 SHIB, meaning that the burn rate dropped sharply by 96.7% compared to the 8,099% spike a day before.
Mysterious one billion SHIB burner unveiled
The largest transfer over that period carried 23,003,476 SHIB. According to the SHIB website, that burn was made from Shibarium gas fees – the minimal sufficient amount of BONE coins was converted into SHIB and transferred to an unspendable wallet, i.e., burned.
As for the entity that burned the one billion Shiba Inu coins, it was the @1cDream X account that claims that its purpose is to burn billions and trillions of SHIB. This account belongs to the CENT meme coin running on Shibarium.
The account commented on Shibburn’s tweet about one billion SHIB, saying: “We want to burn more!” and urging the SHIB army to join forces with them to burn SHIB coins together.
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