Shib Burn Rate Spikes Above 30,000% As Koyo Token Burns A Staggering 1.49 Billion SHIB
Shiba Inu, a meme-inspired cryptocurrency, has been making headlines recently due to its dramatic increase in burn rate. According to reports, Koyo, a decentralized autonomous organization (DAO) responsible for managing the Shiba Inu ecosystem, burned 1.49 billion SHIB tokens, resulting in a 30,000% increase in the coin's burn rate.
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Koyo Token Burns 1.49 Billion SHIB
https://twitter.com/Tezza4Ryoshi/status/1646775377350774784
The news was shared on Twitter by a user, and the Shibburn.com website, which tracks the burn rate of SHIB tokens, confirmed the burn. The move is part of Koyo's efforts to reduce the total supply of SHIB tokens in circulation, which currently stands at arou...