Over the course of the last 24 hours, 44,805,449 SHIB have been burnt, according to the Shibburn wallet tracker. The tweet claims that 12 transactions were necessary to reach this result.
The largest transfer in this case contained 9,438,008 Shiba Inu meme coins, according to the list on the Shibburn website. Etherscan’s disclosure of the transaction’s details reveals that this wallet was activated after about 799 days, or roughly two years and one month.
After sending 9.4 million SHIB to a useless Shiba Inu wallet, the wallet now has no SHIB in it.
SHIB surges thanks to Elon Musk
Elon Musk, a tech tycoon and the CEO of Tesla and SpaceX, unintentionally made a reference to “Shiba Inu” in a tweet on 25 July about renaming Twitter to the X app.
He said they had even attempted changing their name to Shiba Inu, but it had no effect. The SHIB community was excited to start talking about this post and expressed hopes that possibly the tech mogul was indicating he will introduce SHIB as a payment option on the Twitter-X app.
On that day, the value of the SHIB meme currency increased by almost 3%. What Elon Musk presumably intended, though, was the week in April when he switched the Twitter logo from the well-known bluebird to the Dogecoin mascot, a Shiba Inu dog, on whose image the original parody coin was based.
SHIB jumps 5% on upcoming Shibarium launch
After the Shibarium Bridge beta was made available in advance of the impending launch of the Shibarium mainnet, which is anticipated in August, the price of SHIB increased by more than 5% today, reaching a high of $0.00000823.
