Shiba Inu | 102.1 Million SHIB Destroyed Over The Past 7 Days

The live Shiba Inu price today is $0.000013 USD with a 24-hour trading volume of $343,831,102 USD.Get detailed Shiba Inu cryptocurrency price news, analysis and more on Memecoin Exchange.

SHIB is the main token of Shiba Ecosystem, bringing the power of a decentralized, community-led currency to millions across the globe.

102.1 Million SHIB Destroyed Over The Past 7 Days

According to Shibburn Tracker, over the past seven days, the SHIB army has succeeded in removing a total of 102,145,155 SHIB from the supply in circulation.It took them 28 transactions to achieve that result. This sum in Shiba Inu is worth merely $1,294.

Moreover the number of SHIB holders continues to grow relentlessly from as early as December 2022. The number of SHIB holders has now passed the 1.3 million mark, increasing by an additional 7,500 wallets since the start of the second month of the new year.

The creators of Shiba Inu are currently working on a metaverse called Shibarium.This is set to go live any day now.The Shibarium project will help Shiba Inu evolve into more than a memecoin.Users can access Shibarium’s test tokens through private test network portals although it has yet to be officially deployed.

Related Reading : Shiba Inu | SHIB Holders Can Now Verify Assets On Binance

The upcoming launch of Shibarium is raising high hopes in the Shiba Inu community that the SHIB price will rise due to an expanded use case beyond a meme coin. Shiba Inu, the meme token, has recently seen a massive price spike, gaining over 20% to its value in just a few days.

The total supply of the Shiba Inu will shrink significantly following the introduction of Shibarium.One of the goals of the hotly anticipated Shibarium Layer 2 solution is to burn trillions of tokens.As more users transfer, pay or utilize Shiba Inu in any way, more tokens are sent to the burn address.

The Shibarium potential is enormous as it is expected to revolutionize the Shiba Inu ecosystem and the crypto space.Shytoshi Kusama repeatedly stated that the launch of Shibarium would take place in the near future.Shiba Eternity has also received another update.

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 Shiba Inu development team is currently busy working on two major projects: SHIB Metaverse and the much-awaited Layer 2 protocol, Shibarium.

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