Can Shiba Inu burn trillions of coins?
In 2022, a Shiba Inu community member, who goes by the pseudonym 'Queenie,' projected that the Shibarium burn portal could incinerate a whopping 111 trillion SHIB tokens annually.
In January 2024, the Shiba Inu cryptocurrency ecosystem witnessed the burning of approximately 9.9 billion SHIB tokens, a move aimed at reducing the token's circulating supply and potentially increasing its value. This burn removed about $88,348 worth of SHIB from circulation.
Total Number Of Shiba Inu Tokens Burned In 2023
According to data from the burn tracking website Shibburn, over 76 billion SHIB tokens were burned in 2023. This figure represents an 8.33% decline in the yearly burn rate. In 2022, over 83 billion SHIB tokens were burned.
According to some rumors, the network may burn trillions of tokens yearly. Shiba Inu (SHIB) influencer and team member “Lucie” had previously said the project could burn 111 trillion tokens yearly. Going by that estimate, we may see almost 10 trillion SHIB tokens being removed from circulation every month.#Write2Earn #BTC #ETH #TrendingTopic #strk
In 2022, a Shiba Inu community member, who goes by the pseudonym 'Queenie,' projected that the Shibarium burn portal could incinerate a whopping 111 trillion SHIB tokens annually.
In January 2024, the Shiba Inu cryptocurrency ecosystem witnessed the burning of approximately 9.9 billion SHIB tokens, a move aimed at reducing the token's circulating supply and potentially increasing its value. This burn removed about $88,348 worth of SHIB from circulation.
Total Number Of Shiba Inu Tokens Burned In 2023
According to data from the burn tracking website Shibburn, over 76 billion SHIB tokens were burned in 2023. This figure represents an 8.33% decline in the yearly burn rate. In 2022, over 83 billion SHIB tokens were burned.
According to some rumors, the network may burn trillions of tokens yearly. Shiba Inu (SHIB) influencer and team member “Lucie” had previously said the project could burn 111 trillion tokens yearly. Going by that estimate, we may see almost 10 trillion SHIB tokens being removed from circulation every month.#Write2Earn #BTC #ETH #TrendingTopic #strk
