Koyo Starts the Week with Massive 795M Shiba Inu Burn

Koyo (KOY) Continues Burning Shiba Inu (SHIB), Torches another 794.85 Million in Record Transaction.

Koyo, a community-driven token launched on March 10th, has continued its burning spree and has recently burned another 794,858,822 (794.85M) SHIB using the official SHIB Burn Portal in a record transaction executed about an hour ago.

🔥🔥 794,858,822 $SHIB -> transferred to dead wallet. https://t.co/eaha6p592B
— Shibburn (@shibburn) March 27, 2023

@Tezza4Ryoshi Shared the achievement in the tweet:

794,858,822 $SHIB was just burned by @KoyoToken in as in a single transactionhttps://t.co/RZNPxoOMPr
Over 6.1B $SHIB tokens have been burned by $KOY smart contract in 18 dayshttps://t.co/ZsQAtAz8xP#KoyArmy founder says this is just a drop in the ocean for what is to come pic.twitter.com/HtbbqaC01p
— Tezza Decentra (@Tezza4Ryoshi) March 27, 2023

This is the second significant SHIB burn transaction by Koyo in the last seven days, with the first being a whopping 733,024,321 (733.02M) SHIB burned on March 21st, 2023. In total, Koyo has permanently removed 6,159,062,480 (6.15B) SHIB from circulation through multiple transactions, using a 2% sell tax to burn Shiba Inu.

The recent massive transaction has caused Shiba Inu’s burn rate to skyrocket by 61765.36% over the last day when only 24,364,785 (24.36M) SHIB has been permanently taken out of circulation through eight transactions.

SHIB Burn Rate Skyrockets Over the Past 24 Hours

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Shiba Inu Community collectively has set fire to a humungous 834,804,461 (834.80M) SHIB through eighty-two separate transactions in the past week alone.

In the last 7 days, there have been a total of 834,804,461 $SHIB tokens burned and 82 transactions. #shib
— Shibburn (@shibburn) March 26, 2023

Following the development, Shiba Inu’s value rose 1.01% over the last day to $0.00001078, with a 24-hour trading volume of $199,282,511 ($199.28M).

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Source: https://thecryptobasic.com/2023/03/27/koyo-start-the-week-with-massive-795m-shiba-inu-burn/?utm_source=rss&utm_medium=rss&utm_campaign=koyo-start-the-week-with-massive-795m-shiba-inu-burn