- The transaction happened in the middle of the recent SHIB burn exercise.
- Shib CoOp became the first project to burn SHIB on the Shibarium network.
- Whale Alert shows that 4.5 trillion SHIB was transferred from one unknown wallet to another.
Information from Whale Alert, the blockchain tracker and analytics platform, shows that 4,560,030,677,374 SHIB, equivalent to $31,756,053, was transferred from one unknown wallet to another. This happened while the flagship meme coin project achieved another milestone in its burning exercise.
4,560,030,677,374 #SHIB (31,756,053 USD) transferred from unknown wallet to unknown wallethttps://t.co/bYhXtSlX0s— Whale Alert (@whale_alert) October 20, 2023
In a recent post, Shibburn, the social media handle that posts about significant SHIB transactions, noted that in the past 24 hours, there have been a total of 40,401,349 SHIB tokens burned and 33 transactions. That forms part of the efforts by the Shiba Inu community to reduce the circulating supply of its native token, SHIB.
Altogether, the Shiba Inu community has burned over 90 million SHIB since the beginning of the latest Shibburn exercise. By keeping the SHIB su…
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