Live Updates and News on Shiba Inu

Current Shiba Inu Events & Breaking News:

This is the first time fewer SHIBs have been burned in the past 18 months. Only 368 million SHIB, worth around $3,200, were destroyed by the Shiba Inu cult. When compared to May of this year, that’s a drop of 99 percent. In May of 2022, devotees wasted $311,000 worth of SHIB on incense.

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Shiba Inu is a meme coin based on a Japanese dog breed that was created in August of 2020 by an unknown party. This alternative currency is built on the Ethereum blockchain.

4:47 PM | NOV 23 2022

SHIB tokens can be burned to boost their value.

If the total value of all tokens in circulation is $1,000,000 and there are 1,000,000,000 tokens in circulation, then each token is worth $1. In contrast, if all 999,999 tokens are destroyed through b burning, just 1,000 tokens will remain in circulation. As a result, the value of each token will be $1,000,000.

Only if Shiba Inu reduces its SHIB from 590 trillion to below 1 trillion would this be doable. The same has generated enthusiasm among Shiba Inu supporters because it will reduce the token price to a dollar or less. If this occurs, one can exchange a single dollar for more than a million dollars.

This occurred in May of 2021, when Buterin consumed 41% of the available SHIB.

Source: Google Trend

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By Vil Joe

A writer and editor based out of San Francisco, Vil has worked for The Wirecutter, PCWorld, MaximumPC and TechHive. Her work has also appeared on InfoWorld, MacWorld, Details, Apartment Therapy and Broke-Ass Stuart. In her spare time, she takes too many pictures of her cats, watches too much CSI and obsesses over her bullet journal.

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