453 Million Burns Came: Meme Coin Burn Rate Jumped 1318%!

A tracking platform where SHIB tokens that are actively burned by SHIB can be tracked and burned by the meme coin community. shibburn According to data shared by the website, the rate of Shiba Inu burning increased by 1318 percent. According to Shibburn data, a total of 453,556,592 SHIB tokens were destroyed and this was done in four different transactions.

The biggest contribution to the 453 million burn came from KoyoToken, a newly emerged token. KoyoToken removed 451,061,150 (451.06 million) meme coins from circulation in a single transaction about 14 hours ago. KoyoToken went live about a week ago, and according to data provided by Etherscan.io, the project has destroyed a total of 3,707,028,387 (3.70 billion) SHIBs so far.

This data covers the last 24 hours. Besides, since the launch of the Shibarium Public Beta, we can say that there has been a significant increase in meme coin burning. The project was launched on March 11, and since then, 3,805,250,524 (3.80 billion) SHIBs have been removed from circulation in a total of seventy-nine transactions.

To examine in more detail, on March 10, 2,204,313,475 (2.20 billion) SHIBs were sent to the dead wallet in fifty-eight separate transactions. Following the launch announcement on March 11, 489,895,235 (489.89 million) SHIBs were removed from circulation in eight separate transactions. Then 23.51 million, 602.60 million and 31.97 million SHIB were burned on March 12, March 13 and March 14, respectively.

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Source : the crypto basic

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