Number of SHIB burned growing on monthly basis, along with SHIB adoption scale
Compared to all the individual weekly burns in November, the total amount of SHIBs destroyed last month has exceeded half a billion. This is still significantly lower than the early fall and summer results.
666 million SHIB gone last month
As reported by Shibburn tracker platform, in November, the Shiba Inu army managed to remove “a devil’s number” of these meme coins — slightly over 666 million.
In that month, the SHIB burn rate exhibited high volatility and, at times, jumped over 4,000 and 5,000 percent. However, these increases occurred within a 24 h period following the burning of modest amounts of SHIB, such as 1–2 or 6–8 parts per million.
Recently, Shibburn even reported that only one SHIB token was sent to an “inferno” wallet, but it insisted that this was important as well, since every time a user visits a page related to burns, he/she helps to remove more meme tokens from circulation.
For the weekly burn in November, a total of 223,264,370 Shiba Inus were removed from the supply in circulation last week.
SHIB accepted by Hublot, Elon Musk and elite sports car maker
Earlier this year, thanks to a collaboration with BitPay payment processor working with cryptocurrencies, the adoption of the second largest meme coin by market cap grew significantly.
Notably, Swiss watch-making giant Hublot began accepting Shiba Inu, Dogecoin and other cryptos in August this year.
The Boring Company that belongs to billionaire Tesla boss Elon Musk, who also purchased Twitter in late October, began selling a collectible item from Musk, a perfume called “Burnt Hair” worth slightly over $100 per bottle. Around 10,000 bottles were sold within days.
As recently covered by U.Today, thanks to BitPay, the Shiba Inu is now also accepted by Koenigsegg Automotive AB, maker of elite Swedish sports cars.
