Over 3.26 Billion SHIB burned in April.
In a remarkable achievement, the Shiba Inu Community successfully reduced the supply of SHIB by a record-breaking 3,269,676,832 (3.26B) tokens in April 2023. The community achieved this feat through a total of 125 transactions.
??? 3,269,676,832 $SHIB tokens have been burned in the month of April with 125 transactions. #shib
— Shibburn (@shibburn) May 1, 2023
This marks a 107.44% decrease in Shiba Inu’s burn rate compared to the past month, where 6,782,788,547 (6.78B) SHIB were removed from circulation forever through 540 distinct transactions.
Koyo Leads Shib Burns
The top SHIB burner of the month was Koyo (KYO), a decentralized finance (DeFi) project built on the Ethereum blockchain. This Community-led SHIB burn project permanently removed a staggering 2,598,503,373 (2.59B) SHIB from circulation in two record-breaking transactions.
On April 9, Koyo sent a great 1,104,224,812 (1.10B) SHIB to the dead wallet in a single transaction, making Shiba Inu Community jubilant. The project took things further on April 14 by executing another record-breaking transaction and destroying 1,494,278,561 (1.49B) SHIB.
Since its inception, Koyo has burned 8,757,565,854 (8.75B) SHIB through multiple transactions.
As reported earlier by The Crypto Basic, the official Twitter account of Shiba Inu, the canine-themed cryptocurrency, has hit an all-time high of 3,701,745 followers. This remarkable feat has catapulted Shiba Inu to become the second most popular canine-themed cryptocurrency in the world.
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.
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