Another substantial amount of meme tokens have been burned, but the price remains unaffected
The SHIB army continues to reduce the circulating supply of the second most popular cryptocurrency, Shiba Inu, by burning tokens. Every 24 hours, a certain amount of SHIB is burned with the aim of gradually reducing the supply of SHIB in circulation and driving up prices.
As another large stash of SHIB has been destroyed by various burners—businesses and individuals—the price of the coin remains unchanged.
Nearly 180 million tokens burned
The @shibburn token-burning initiative team announced that in the last 24 hours, 179,387,035 SHIBs have been sent to dead addresses, which does not allow coins to be withdrawn or spent. another way.
This amount of crypto constitutes $4,793 in fiat.
SHIB added by popular ATM crypto chain
On April 4, it was reported that crypto ATM network Bitcoin of America had added Shiba Inu, following the addition of Ethereum and Dogecoin to the range of coins that this chain works with.
Now, users can buy these cryptocurrencies from Bitcoin of America kiosks, along with BTC. Dogecoin was added by the network in February, causing the price of the meme coin to spike.
Separately, the two largest meme coins by market capitalization, DOGE and SHIB, are now accepted by Vancouver-based company MeatmeCA as a payment option.
The company is accepting crypto payments via BitPay service. Aside from SHIB, the meat shop now accepts DOGE, Bitcoin, Ethereum, Litecoin and USD-backed stablecoins GUSD and USDC.
