June 22 (Cointime) - The Shiba Inu Community has burned 341.50 million SHIB in the past 24 hours through five transactions, removing them from circulation forever. This is the largest burn event since June 10th, and Koyo Token and a mysterious wallet emerged as the biggest burners of SHIB.

Koyo Token burned the most SHIB in a single transaction, while the mysterious wallet transferred its entire SHIB holdings to the inferno address. This massive burn has caused the overall burn rate to increase by 6936.88% over the last day, and Shiba Inu has regained its position as the world's 14th biggest cryptocurrency by market capitalization.