Akai Token Burns Over 800 Million Shiba Inu (SHIB) Tokens, Sparking Surge in Burn Rate
Akai Token (AKAI), a newly-emerged project, has caught the attention of the crypto community as it conducted an epic burn spree, eliminating a staggering 804 million SHIB tokens from circulation. The burn spree, initiated by Akai Token, has caused the overall burn rate to skyrocket by 8991.55% in the past 24 hours, according to data from Shibburn.com, a popular data-tracking platform.
The burn spree began precisely at 02:03:23 AM +UTC on July 10th when Akai Token sent a modest 313,739 SHIB to the dead wallet in a single transaction. However, this was just the start, as Akai Token continued conducting multiple transactions to remove millions of SHIB tokens from circulation. As of the latest update, Akai Token has successfully burned 803,965,517 (803.96 million) SHIB through 102 separate ...