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Mysterious Wallet Burns Nearly 31 Million Shiba Inu, Causing 121.60% Surge in Burn Rate

A single wallet has removed nearly 31 million Shiba Inu (SHIB) from circulation, causing the burn rate to surge by 121.60% over the last day. The mysterious wallet has consistently burned many SHIB tokens for the past seven days, with a total of 63,898,506 (63.89M) SHIB burned through thirteen separate transactions. The latest transaction, which burned 30,581,998 (30.58M) SHIB, represents the largest one so far. The wallet has also sent SHIB to a dead wallet in several separate transactions.

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