Mysterious SHIB Whale Behind 1 Billion SHIB Burn Finally Identified

Cover image via www.freepik.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Read U.TODAY on Google News Advertisement The SHIB community has been inspired by yesterday’s mammoth 1.002 billion Shiba Inu token burn . One billion SHIB coins were transferred to a dead-end wallet in a single burn transaction. That resulted in the SHIB burn skyrocketing by 8,099% on Monday. While, the meme coin’s community was guessing who the mysterious whale behind that staggering SHIB burn was with multiple discussions on X within the SHIB community, the whale has stepped forward to reveal itself. Related Mon, 03/24/2025 - 09:59 Ripple CTO Reacts to IMF's Take on XRP and Utility Tokens Gamza Khanzadaev HOT Stories Mysterious SHIB Whale Behind 1 Billion SHIB Burn Finally Identified Fidelity Exec Names Key Reason Behind Bitcoin Price Correction Bitcoin Price Plunges as Mt. Gox Makes Gargantuan Transfer Shiba Inu (SHIB): Lift off Beginning? XRP Performs Top-Tier Breakthrough, Bitcoin (BTC): $90,000 Next 1 billion SHIB torched instantly The aforementioned 1 billion SHIB transaction remains the biggest single transfer over the past week, according the recent tweet published by the Shibburn blockchain tracker. Advertisement The tweet came out earlier today. It shows that over the past seven days, 1,093,130,656 SHIB were ejected from circulation into zero wallets, increasing the weekly burn rate by 101.7%. Related Mon, 03/24/2025 - 09:42 1,002,964,549 SHIB Go As Burn Rate Jumps 8,099% Yuri Molchan Meanwhile, over the past 24 hours, the community has managed to dispose of 33,136,646 SHIB, meaning that the burn rate dropped sharply by 96.7% compared to the 8,099% spike a day before. HOURLY SHIB UPDATE $SHIB Price: $0.00001344 (1hr -0.60% ▼ | 24hr 2.01% ▲ ) Market Cap: $7,912,167,058 (1.92% ▲) Total Supply: 589,253,546,542,569 TOKENS BURNT Past 24Hrs: 33,136,646 (-96.7% ▼) Past 7 Days: 1,093,130,656 (101.7% ▲) — Shibburn (@shibburn) March 25, 2025 Mysterious 1 billion SHIB burner unveiled The largest transfer over that period carried 23,003,476 SHIB. According to the SHIB website , that burn was made from Shibarium gas fees – a minimal sufficient amount of BONE coins was converted into SHIB and transferred to an unspendable wallet, i.e. burned. As for the entity that burned the one billion Shiba Inu coins, it was the @1cDream X account that claims that its purpose is to burn billions and trillions of SHIB. This account belongs to the CENT meme coin running on Shibarium. We want to burn 🔥 more! #Shibarmy join us, and let's do it together! https://t.co/re7zYGCzZ6 — 1 CENT DREAM $CENT (@1cDream) March 24, 2025 The account commented on the Shibburn’s tweet about 1 billion SHIB, saying: “We want to burn more!” and urging the SHIB army to join forces with them to burn SHIB coins together. #Shiba Inu (SHIB) News #Token Burn