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HomeCrypto NewsMarketKoyoToken Burns Nearly 1 Billion Shiba Inu in One Go

KoyoToken Burns Nearly 1 Billion Shiba Inu in One Go


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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.

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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.

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.

KoyoToken Contibution to Shiba Inu Burn
KoyoToken Contribution to Shiba Inu Burn

This major burn event has caused Shiba Inu’s burn rate to skyrocket by 10,960.22%

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Shiba Inu Burn Rate Skyrockets Over the Past 24 Hours
Shiba Inu Burn Rate Skyrockets Over the Past 24 Hours

Shytoshi Kusama, the Shiba Inu supreme leader, expressed his excitement by saying, “Woof.”

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.

Disclaimer: 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’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.



Zabi is crypto enthusiastic with more than 10 years of experience in managing Google News-approved Finance websites. Zabi has a strong background in finance with a thorough understanding of cryptos and a solid grip on the crypto and financial market industry. Along with his passion for crypto writing, Zabi manages his personal stock and finance-related Google News-approved websites.

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