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Shiba Inu Burns Over 125 Million Tokens In The Past Five Days

Twitter icon  •  Published 2 years ago  •  Hassan Maishera

Shiba Inu’s team has burned more than 120 million SHIB tokens over the past few days and 5.5 million during the weekend alone.

Shiba Inu’s team has burned more than 120 million SHIB tokens over the past few days and 5.5 million during the weekend alone. The team started burning SHIB tokens towards the end of last year and continued the process during the weekend.

Coin burning is the process of permanently removing cryptocurrencies from circulation, reducing the total supply. SHIB is trading at $0.00003370, down by 0.21% in the last 24 hours.

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Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.