There have been a total of $ 7,409,202 SHIB tokens burnt and two trades in the last hour
According to shibburn, the SHIB community, dubbed the “SHIB Army,” burned about two billion SHIB in November. A total of 410,298,489,440,804 of the one quadrillion initial supply has been burned. Tokens that are burned are permanently removed from circulation. The decrease in circulating supply is predicted to raise the price of Shiba Inu in this instance.
According to the Shiba Inu burn tracker, shibburn, a total of 410,296,586,422,853 SHIB tokens (41.02966%) were burned from the initial quadrillion supply in early November.
As of Dec. 1, this number had grown to 410,298,449,011,405 (41.02984% of the initial supply), representing a near 1.9 billion increase in tokens burned within the time frame.
The Shiba Inu is about to undergo major modifications that may increase its value and increase its price. Shytoshi Kusama, the main developer of the SHIB team, recently discussed the potential of expanding Shiba Inu’s gameplay in the “Metaverse”.
Gaming will also facilitate the burning process, as in-app purchases made from the Shiba Inu game will be used to burn a large amount of SHIB to lower the token’s supply. Currently, the SHIB supply is burned only when the owner of a Shiboshi NFT pays $100 in SHIB to change the NFT’s name.
SHIB is trading at $ 0.0004230 at time of publication.
