Reading time: ~2 m
Shiba Inu continues to reduce the number of tokens, with another 134 million SHIB withdrawn from circulation in the last 24 hours.
In the last 24 hours, 134,519,822 SHIB tokens have been burned in 17 transactions. So far, a total of 410,301,214,599,811 tokens (41.03012%) of the initial supply of 1 quadrillion has been destroyed.
In the past 24 hours, there have been a total of 134,519,822 $SHIB tokens burned and 17 transactions. So far, a total of 410,301,214,599,811 #SHIB tokens (41.03012%) have been burned from the initial supply of 1 quadrillion. #shibarmy
— Shibburn (@shibburn) January 17, 2022
Shibburn is a dedicated recording project created exclusively for the Shiba Inu community. It automatically reports SHIB token burns whenever they occur.
Cryptocurrency burn occurs when tokens are intentionally sent to unused or dead addresses, after which the coins are considered lost forever.
The 41% reduction in issuance did not affect the increase in the price of Shiba Inu, as it fluctuated at 0.00002869 over the past 24 hours with a daily loss of 6.9%.
On January 10, 2022, the popular token dropped to $0.00002653, last hitting that low in October 2021, right before a massive 208% rally to $0.0008190.
#additional #million #Shiba #Inu #tokens #withdrawn #circulation