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Shib Burn Rate Spikes 30,000% As 1.5B Shiba Inu Burned In Single Transaction

A Shiba Inu-related address sent nearly 1.5 billion SHIB tokens to the dead wallet address, marking one of the largest single transaction burns recorded in the history of SHIB burn. The burn was conducted by decentralized finance project Koyo Token on the ShibaSwapDEX, which has burned a total of 8.75 billion SHIB in 36 days. The SHIB price has increased by over 3% in the last 24 hours, currently trading at $0.0000113, with the trading volume jumping over 50% in the same period.

(By Varinder Singh)

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