An anonymous wallet has burned 10 million Shiba Inu (CRYPTO: SHIB) in one transaction.

What Happened:  Over 12.94 million SHIB has been eliminated through ten multiple transactions in the last 24 hours, according to Shibburn.com.

🔥 10,000,000 $SHIB -> transferred to dead wallet. https://t.co/nCRakbQEr4

— Shibburn (@shibburn) January 19, 2023

According to Etherscan.io, the mysterious wallet still holds 10.74 million SHIB, which it may destroy in the near future.

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SHIB was up 20%, in the last seven days, beating Dogecoin's 0.4% gains (CRYPTO: DOGE). It picked up momentum as the project’s lead developer Shytoshi Kusama shared updates on Shibarium — a much-awaited Layer-2 blockchain solution.

The significant burn occurred after a major Australian crypto exchange, Cointree, listed Shiba Inu on its platform.

Price Action: SHIB was up 2% in the last 24 hours, trading at $0.00001139, according to Benzinga Pro.

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