8,752,735 SHIB has Been Transferred to Dead wallet

-Crypto-Buyers-Flock-to-SHIB,-92%-of-Coinbase-Users-Buy-Shiba-Inu
  • A large sum of money, $SHIB, has been sent to a dead wallet.
  • It is not clear why it would have been transferred to a dead wallet.
  • It is highly unlikely these addresses will ever be used again.

According to a report by Shibburn, a large sum of $SHIB has been transferred to a dead wallet. The report states that the transfer was worth around 8,752,735 SHIB.

This is a significant amount of money, and it is not clear why it would have been transferred to a dead wallet. It is possible that the person who made the transfer made a mistake, or that the wallet was simply inactive.

At this point, it is not known what will happen to the $SHIB that was transferred to the dead wallet. It is possible that the funds will be lost forever, or that they will be returned to the sender. It is also possible that the transfer was made in order to scam people out of their money. If this is the case, then it is important to be aware of the risks involved in sending money to someone who may not be able to return it.

As always, it is recommended to be careful when sending money to someone online. If you are unsure about a person or a website, then it is best to avoid sending money to them altogether.

In other recent updates, the SHIB burned a total of 1,312,488 meme tokens, releasing it from circulation forever. 

The report goes on to say that, “it is highly unlikely these addresses will ever be used again”, meaning that the tokens are effectively lost forever. This is also a significant amount of money, and it is not clear why it would have been transferred to dead wallets.

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Godfrey Mwirigi is an enthusiastic crypto writer with an interest in Bitcoin, blockchain, and technical analysis. With a focus on daily market analysis, his research helps traders and investors alike. His particular interest in digital wallets and blockchain aids his audience in their day-to-day endeavors.

programmer & freelance writer