1.52 Billion Shiba Inu Burned in a Day

Shiba Inu Community Sets Fire to Record 1.52 Billion SHIB in 24 Hours.

In the past 24 hours, the Shiba Inu Community has made a significant move by collectively sending 1,524,520,814 (1.52B) SHIB to the dead wallet through twelve separate transactions. Koyo (KOY), a mysterious wallet, carried out the most significant transactions.

 

Koyo Burns 1.49B SHIB

Koyo (KOY) made a groundbreaking move by setting fire to a record 1,494,278,561 (1.49B) SHIB in one transaction about 23 hours ago from press time. This latest burn brings Koyo’s total number of burned SHIB to a staggering 8,757,565,854 (8.75B).

Mysterious Wallet

A few hours later, a mysterious wallet transferred 16,712,083 (16.71M) SHIB to the “inferno” address in a single transaction. The wallet now holds 324,727,029,792 (324.72B) SHIB, worth $3,643,437 ($3.64M).

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The massive burn transactions have caused Shiba Inu’s burn rate to surge by an eye-popping 45237.78% over the past day.

Shiba Inu Burn Rate 1
Shiba Inu Burn Rate 1

Despite the intense burning activity, Shiba Inu’s price remains on the back foot. As of press time, Shiba Inu is trading at the price of $0.00001118, down -2.04% over the past day with a 24-hour trading volume of $254,274,179 ($254.27M).

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Source: https://thecryptobasic.com/2023/04/15/massive-burn-1-52-billion-shiba-inu-burned-in-a-day/?utm_source=rss&utm_medium=rss&utm_campaign=massive-burn-1-52-billion-shiba-inu-burned-in-a-day