Burning Frenzy at Meme Coin: Burning 27 Million in 24 Hours!

shiba inu Its community is determined to reduce the supply of SHIB and create more value for its private tokens. In the last 24 hours, SHIB Community-led incineration initiatives have removed a total of 27.61 million SHIBs from circulation forever in ten separate transactions. lifted.

The most important burning process of the day comes from the mystery wallet. The wallet sends 14.37 million SHIB to burn addresses in one powerful transaction.

Despite the massive burn, SHIB’s overall burn rate has decreased by 96.34% in the last day.

Shiba Inu Community set fire to 1.78B SHIB in multiple transactions in the past 7 days. The most significant burn took place yesterday when Koyo (KYO), a newly launched token, sent 758.95 Million SHIB to the dead wallet in a single transaction. Koyo has been actively contributing to the burning of SHIB since March 10. As of now it has burned a mind-boggling 5,364,203,658 SHIB.

Meanwhile, a leading Japan-based crypto- BitFlyer, the currency exchange, supports SHIB.

shiba inu

As of writing, the Shiba Inu is trading at 0.00001066, down 1.93% in the last day with a 24-hour trading volume of $316.95 million.

You can follow the current market movements here.

Source : The Crypto Basic


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