Whale Triggers Massive SHIB Burn, Pushing Weekly Rate Up Over 300%

A substantial SHIB burn has shaken the cryptocurrency community this week as a single anonymous whale permanently removed over 263 million tokens from circulation. This large-scale transaction significantly boosted the weekly SHIB burn rate by more than 300%. According to data from Shibburn, 327,103,078 SHIB were burned during the past seven days. A single wallet acted as the primary contributor, sending a staggering 263,709,608 tokens to a dead address two days ago. While the identity of the anonymous whale remains unknown, Shibburn has identified it as a major player in the SHIB market.