Massive Burn: 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.
In the past 24 hours, there have been a total of 1,524,520,814 $SHIB tokens burned and 12 transactions. Visit https://t.co/t0eRMnyZel to view the overall total of #SHIB tokens burned, circulating supply, and more.
— Shibburn (@shibburn) April 15, 2023
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).
🔥🔥🔥 1,494,278,561 $SHIB -> transferred to dead wallet. https://t.co/AwJ66xf10d
— Shibburn (@shibburn) April 14, 2023
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).
🔥 16,712,083 $SHIB -> transferred to dead wallet. https://t.co/bIU9fN3ff7
— Shibburn (@shibburn) April 14, 2023
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
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).
