Nearly 1 Billion Shiba Inu (SHIB) burned in a record transaction.
In an unprecedented move, the Community-led burn initiatives collectively have set fire to a massive 934,428,791 (934.42B) SHIB through fifty-seven transactions in the past 24 hours.
In the past 24 hours, there have been a total of 934,428,791 $SHIB tokens burned and 57 transactions. Visit https://t.co/t0eRMnyZel to view the overall total of #SHIB tokens burned, circulating supply, and more. #shibarmy
— Shibburn (@shibburn) March 17, 2023
KoyoToken, a newly emerged token played a significant role in the record-breaking burn event by eliminating a staggering 924,150,949 (924.15B) SHIB, from circulation in just one transaction. Per Shibburn.com data, the major burn event occurred about 2 hours ago from press time.
?? 924,150,949 SHIB -> transferred to dead wallet. https://t.co/WBNjySju0z
— Shibburn (@shibburn) March 17, 2023
KoyoToken continues to make a record Shiba Inu burn since March 10th. Currently, the Community-driven token has destroyed a humungous 4,631,179,336 (4.63B) SHIB through multiple transactions.
This major burn event has caused Shiba Inu’s burn rate to skyrocket by 10,960.22%
Shytoshi Kusama, the Shiba Inu supreme leader, expressed his excitement by saying, “Woof.”
Woof!
— Shytoshi Kusama™ (@ShytoshiKusama) March 17, 2023
Following the major burn event, Shiba Inu’s price has surged by 2.56% to $0.00001066. The most popular canine-themed cryptocurrency has also seen a significant trading volume of $237,237,610 ($237.23M) in the past 24 hours.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.