Shiba Inu-related address sent nearly 1.5 billion SHIB tokens to the dead wallet’s address on Friday, marking one of the largest single-transaction burns in SHIB burn history. The latest burn came from Koyo Token, decentralized finance (DeFi) project on the ShibaSwapDEX.

Shiba Inu burn tracker Shibburn reported a huge transaction transferring 1,494,278,561 SHIB to the dead wallet on April 14 at 07:14:59 AM UTC. o’clock.

KoyoToken took to Twitter to reveal another record of massive SHIB token burning, with 1.49 billion burned in a single transaction. The project burned down 8.75 billion SHIB within 36 days. As promised, the tax-free event will be extended for SHIB burn.

“Tax-free event has been extended SHIB burns will still occur even without loads. As you just saw. This SHIB fire came from Koyonot from taxes.”

On April 10, Koyo burned 1,104,224,812 billion SHIB tokens worth more than $12,000 in a single transaction, making it one of the largest contributors to the Shiba Inu burning campaign to reduce circulating supply.

Shiba Inu price up 3%

The price of Shiba Inu (SHIB) is up more than 3% in the past 24 hours with the SHIB price currently trading at $0.0000113. The 24-hour low and high are $0.00001094 and $0.00001145, respectively.

In addition, the trading volume has increased by more than 50% in the past 24 hours, indicating increasing interest among traders. Whales and investors are actively seeking access to Shiba Inu. The number of SHIB holders is up 0.011% to 1,288,284, according to data from Etherscan.

Thus, the positive market sentiment surrounding the broader crypto market and Shibarium is likely to drive up Shiba Inu prices. KoyoToken committed to continuing its massive burnout to push the Shiba Inu price to $0.01.

Also Read: Legendary Trader Peter Brandt Shares New Bitcoin Goal, ETH Price Up 10%

Varinder is a technical writer and editor, technology enthusiast and analytical thinker. Fascinated by disruptive technologies, he has shared his knowledge about Blockchain, Cryptocurrencies, Artificial Intelligence and the Internet of Things. He has been associated with the blockchain and cryptocurrency industry for quite some time and is currently covering all the latest updates and developments in the crypto industry.

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