Half Of The Shiba Inu (SHIB) Supply Has Already Been Burned

✍️ 27 December, 2023 - 16:10 👤 Editor: Jakub Motyka

• The crypto Shiba Inu (SHIB) community is strongly pushing token burns.
• As of today, over 40% of the Shiba Inu's SHIB token supply has already been burned (ie destroyed).
• The latest news about cryptos, in our Telegram channel.

Burning Shiba Inu (SHIB) has become almost routine among the ShibArmy, the meme cryptocurrency community that was born to challenge Dogecoin (DOGE). What started as a joke has become the #13 crypto with the largest market capitalization, something that is presumably helping to keep the SHIB burning going. .

As we reported yesterday, the SHIB burning among Shiba Inu users doesn't stop. Today we learned that the burning of the Shiba Inu has already destroyed more than 40% of the supply of this cryptocurrency, specifically 410,380,049,766,687.44 SHIB tokens have been burned until today.

41.03% Of The Shiba Inu (SHIB) Supply Has Been Already Burned

In more digestible figures, this means that 41.03% of the Shiba Inu supply has been destroyed with the token burning process, as confirmed by the website shiba-burn-tracker. com. In a table like the following it is even clearer what the burning of Shiba tokens to date represents:

Shiba Inu (SHIB) today has a market capitalization of 6,958,801,025 dollars, its price at the time of writing this content is of 0.00001268 dollars and its volume traded in the last 24 hours has been 363,807,017 dollars.

The Shiba Community Promotes The Burning Of SHIB Tokens

The ShibArmy has created a multitude of projects in recent months to encourage the burning of SHIB. On a web that compiles all these methods, alternatives can be found to simply sending tokens to a dead wallet as curious as:

• Listen to playlists on Spotify that activate the burning of SHIB tokens while the music is playing.
• See YouTube videos to burn SHIB tokens with money generated through ad revenue .
• Use the Shiba web browser to do consultations on the internet with burning of SHIBas through the advertising income generated by the project.
• And much more.

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