Markets· ★★· neutral·

Single Wallet Drives 90% of Shiba Inu Burns in 24 Hours

  • —Wallet 0xe50…de9f9 burned 2 million SHIB worth $11.56 at 00:50 UTC
  • —That is 89.77% of the 2.23 million SHIB burned in 24 hours
  • —The wallet has burned 13 million SHIB across six transactions this month
  • —30-day burns fell 66.7% to 373.39 million SHIB
Why it matters: Burns cut SHIB supply, but one wallet driving 90% of activity raises doubts about the trend's durability.
#SHIB
Source: The Crypto Basic
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