3 Trillion Shiba Inu Transferred To Mysterious Wallet After Kusama Confirms Massive Burn Ahead Of Shibarium Launch
Over 3 trillionof Shiba Inu SHIB/USD worth $34.2 million wasmoved to an unknown wallet late on Thursday.
What Happened:This comes just hours later SHIB developer Shytoshi Kusama confirmed in a discord channel that one goal of Shibairum is to burn trillions of SHIB.
BOOM! Confirmed! Per #ShytoshiKusama, one goal of #Shibarium is to Burn Trillions of $Shib! pic.twitter.com/rNkGTJ2fpE ?????????? (@ShibArmy_4Life) January 26, 2023
Shibarium is a layer- 2 blockchain, which aims to bring forth fast transaction speeds, reduced costs, and bigger output possibilities. It is being constructed on the Ethereum ETH/USD blockchain
SHIB, LEASH LEASH/USD and BONE BONE/USD are levied to use its Layer 2 blockchain.
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Currently, it is unclear whether Kusama moved the staggering amount of SHIB.
Earlier last month, Kusama made a post on Shibarium. In it, he compared Shibarium to a sturdy pine tree that with the right care water, sunlight, and proper soil and it will survive even the harshest of winters.
Price Action: SHIB was trading at $0.00001153 down 2.50% in the last 24 hours, according to Benzinga Pro.
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