A total of 1 billion Shiba Inu ($SHIB) have been burned over the last 24-hour period , sending the meme-inspired cryptocurrency’s burn rate up over 12,000%. Over the last few days, well over 2.2 billion tokens have been burned.
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Today, i.e. 15 February, gaming platform @317_key is set to burn approximately 500 million Shiba Inu tokens through one of its mobile phone games, Bricks Buster. Per the platform’s tweet, the exact number of SHIB set to be burnt today is 415.555 million .
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SHIB burning, the act of destroying Shiba Inu coins by sending them to a dead wallet address , has become a popular community activity among the ShibArmy. At its current price, the collective SHIB burnt this month totals $28,525.1 Şub 2022
Read moreWho is burning Shiba Inu?
Steven Cooper -led Bigger Entertainment organizes Shiba Inu burn parties to reduce the supply of Shiba Inu – not pump the Dogecoin-killer. Cooper reveals on Twitter he expects developers to burn 20% or higher supply of the meme coin.
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Shiba Inu didn’t start out with 549 trillion coins. The initial supply was 1 quadrillion. Since the launch of the cryptocurrency in 2020, over 410 trillion coins have been burned (transferred to dead wallets and taken out of circulation), according to Shibburn, a Twitter account that tracks all Shiba Inu token burns.
Read moreHow much Shiba Inu coin has been burned?
Shiba Inu burn rate up by 611%, record-high 306M tokens burnt in 24-hours . As most coins from the market were on their knees yesterday, Shiba Inu [SHIB] managed to fetch its investors positive returns. Even as the tables turned around in the broader market on Tuesday, SHIB continued to maintain its same pristine form.
Read moreHow much Shiba has been burned?
SHIB fans continue to push big sums of Shiba Inu meme crypto tokens from circulation using the technology of so-called “token burns.” Since the beginning of last week, a total of around 2.2 billion SHIB have been incinerated.
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