A whooping amount of Shiba Inu (SHIB) burned in November.
Over 666.90 Shib burned in November.Shibburn.com recently released Shiba Inu’s Burn figure for November. As per the report, the Shiba Inu Community permanently removed 666.90M SHIB from circulation forever via 149 separate transactions in the past 30 days.Moreovee Whales keep loading billions of Shiba Inu.Two major Shiba Inu Whales have accumulated a staggering 507.54B SHIB, worth $4.69M from Coinbase via two separate transactions.Shiba Inu’s mainstream adoption is also on the rise.
Recently, FCFPay enabled its users to book flights with American Air and Air Canada using FCF Pay Visa Card.SHIB support was also added by Japan-based exchange BITPoint.SHIB has been listed on yet another crypto trading venue: Bitcastle. To lure more users, the exchange promises large SHIB giveaways just for logging into the platform.
What is Shiba Inu?
Shiba Inu is a cryptocurrency that was created in 2020 by a mysterious person who calls themselves Ryoshi. The name ‘Shiba Inu’ was stolen from the fluffy dog that was the subject of many memes at the time.The coin started as a joke it was meant as a kind of parody of Dogecoin, which was rising fast in both price and popularity despite having little use in the real world. In fact, Shiba Inu called itself a “Dogecoin killer.”
Shiba Inu runs on the Ethereum blockchain, and while each token or coin is worth just a fraction of a cent, the price went wild in 2021 turning a few early investors into millionaires. While prices have gone back down from whence they came, it still remains one of the most popular cryptos.The creators of Shiba Inu are currently working away on a metaverse called Shibarium.