- According to reports by Shibburn over 339 million Shiba Inu tokens were burned in the last 7 days.
- Also, around 33 million Shiba Inu tokens were burned in the last 24 hours.
- Shiba Inu is a popular meme token with having 1.145 million wallet holders and a market cap of around $12.8 billion.
- When Shiba inu launch it has a total circulation supply of 1 Quadrillion from which over 410 trillion Shiba Inu(SHIB) Tokens were now out of circulation or burned.
The popular Shiba Inu dog-themed meme token SHIB again speed up its burning process to increase the Coin value in the market. As per report’s from our sources around 339 million SHIB coins were transferred to the dead Wallets by many of Wallets, which means those coins are out of circulation and have been destroyed or burned.
According to reports by Shibburn:
Shibburn is an official website to check the latest burn Transactions of Shiba Inu (SHIB) coin.
On this website, we can check daily Shiba burning updates. These all transactions were made into dead Wallet through which coins weren’t able to use again and were out of circulation or burned.
After collecting data from the past 7 days we calculated the total amount of coins that were burned in the last 7 days. A total of 339,328,948 SHIB tokens were burned in the last 7 days but to increase the Coin value more and more tokens need to be burned. There are more than 500 trillion SHIB tokens are in circulation which is too much, Shib community needs to Speed up the burning process more and more to increase Coin Value.
Does this Burn make any impact on Shiba Inu Price?
Hence Shiba Inu’s Circulation Supply is in trillions, Burning of some millions of Coins doesn’t make much impact on coin value but it can make a very little bit difference in coin value. Shiba Inu Team needed to burn more and more SHIB tokens to increase coin value in the market.