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 .12 Mar 2022
Read moreHow much Shiba is burned?
Shiba Inu Burning: ShibArmy Burns 1.3 Billion SHIB in January.1 Şub 2022
Read moreWhat happens if a Shiba gets 1 cent?
With a total supply of nearly 590 trillion SHIB coins, hitting the $1 price point would result in a market capitalization just short of $590 trillion . Reaching $1 per token would mean that SHIB’s market capitalization would be roughly 650 times the market cap of Bitcoin.
Read moreHow many Shiba coins are there in the world?
There are currently 549 trillion SHIB coins in circulation. With that many coins in circulation, reducing the supply is the only realistic way for it to hit $1.
Read moreHow much Shiba Inu has been burned?
According to available data, a total of 410.30 trillion SHIB have been burned since the cryptocurrency was launched.
Read moreHow is Shiba burned?
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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