3. Massive SHIB Burn Incoming as Shiba Inu Prepares to Advance Into Trillion-Dollar Metaverse. Token/coin burning is becoming increasingly popular among crypto projects. When coins are burnt, they are either destroyed or removed from circulation, thus reducing the supply .
Read moreHow many Shiba Inu coins have 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.
Read moreAre Shiba Inu coins being burned?
has started testing the burn portal developers announced last month. By burning the tokens, the supply is reduced, effectively making Shiba Inu deflationary. According to a website which tracks the burning of Shiba Inu, over 410 trillion tokens have been burned so far .
Read moreHow many Shiba coins are there?
Shiba Inu trades for such a small fraction of a penny because its supply is so large. There’s currently a supply of 549 trillion SHIB tokens in circulation, giving it a market cap of around $11 billion.
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