More than 53 million Shiba Inu tokens have been burned in the past 24 hours. Of those 53 million tokens, 51.74 million were destroyed in a single transaction, the website Shibburn reported.
So one wallet is responsible for taking 51.74 million SHIB tokens out of circulation. This happened in one transaction.
The large token burn of the unknown wallet caused the Shiba Inu Burn rate to increase by 105.82 percent in the past 24 hours.
The unknown wallet burned its very first SHIB tokens on November 11, according to data from Ether scan. These were 10 million. On the same date, the wallet destroyed another 2 million tokens in one transaction. So today the wallet has destroyed another 51.74 million tokens, meaning that the wallet has burned a total of 63.74 million SHIB tokens in just four days.