According to data from the Shibburn monitoring tool, the SHIB community has sold off approximately 400 million Shiba Inu tokens in the last week.
Based on the same report, approximately all the hundred million SHIB tokens are believed to have been eliminated in one transaction by an enigmatic cryptocurrency magnate who goes by the name of a popular meme.
SHIB army burns 411.8 million coins
Shibburn recently disclosed that an astonishing 411.87 billion SHIB coins were moved to inaccessible wallets on the blockchain. However, the weekly burn rate saw a nearly 50% decrease based on information from a tweet released today.
Approximately 411.8 million Shiba Inu tokens were eliminated in a solitary transfer, as shown by the list of burn transactions. This transaction involved the transfer of 372,663,448 SHIB and was executed by a large-scale investor who had been inactive for over a year.
In terms of Shibburns happening daily, the past 24 hours haven’t been particularly fruitful. Only 76,348 Shiba Inu coins were incinerated, representing a significant decrease in burn rate by approximately 97.77%.
The community continues to burn SHIB, but on Monday, a new whale bought an enormous amount of SHIB – specifically 237.9 billion tokens.
Shytoshi Kusama raises $12 million for L3 network
Previously announced, the SHIB group successfully secured $12 million in funding from multiple investors for constructing a Layer-3 blockchain above the Shibarium network.
This afternoon, SHIB‘s mysterious leader Shytoshi Kusama revealed on Twitter that he hadn’t only been jet-setting to diverse places worldwide this year, but also carried out presentations to potential investors to promote SHIB’s project.
The new Layer-3 network prioritizes security and confidentiality. Yet, we can disclose transactions to auditors as a sign of our intent to cooperate with regulatory bodies. This network will eventually run on the long-awaited TREAT token, which has not been introduced to the public yet.
During a recent interview in Dubai, Kusama stressed that the SHIB team is committed to completing their projects and have no plans to splurge on luxury items like Lamborghinis, as alluded to Sam Bankman-Fried’s controversial use of user funds for personal expenses such as real estate and high-end cars for himself and FTX executives.
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2024-04-23 18:51