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.