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About 2 Billion SHIB Burned in November Alone

About 2 Billion SHIB Burned in November Alone

November alone constitutes a burn of roughly 2 billion Shiba Inu (SHIB) by the SHIB Army.

The one quadrillion starting supply of  410,298,489,440,804 has been burned already. Burned tokens are no longer usable. In this case, the price of Shiba Inu (SHIB) is expected to rise because of the reduction in circulating supply.

From the initial supply of one quadrillion Shiba Inu (SHIB) tokens at the start of November, 410,296,586,422,853 Shiba Inu (SHIB) tokens, equivalent to 41.02966% had been burned, per the Shibburn data.

This amount had risen to 410,298,449,011,405, equivalent to 41.02984% of the initial supply, from the 1st of December. This means that the tokens burned during that time have surged to nearly 1.9 billion Shiba Inu (SHIB) tokens. 

Shiba Inu (SHIB) is close to undertaking substantial changes that will certainly raise both their value and price alike. The Shiba Inu (SHIB) gameplay potentially expanding to the metaverse is one of the options entertained and explored by the lead developer, Shytoshi Kusama.

The burning process will be aided by gaming since the token supply reduction through burned tokens will be made possible from in-app purchases from the Shiba Inu (SHIB) game. In the event that the owner of a Shiboshi NFT spends $100 in Shiba Inu (SHIB) to modify the name of the non-fungible token (NFT), the burning of the supply of Shiba Inu (SHIB) happens. 

At the time of publication Shiba Inu (SHIB) was trading at $0.00004230.

Also read: 

SHIBA INU Price Prediction 2021 and Beyond – Is SHIB a Good Investment?
Shiba Inu (SHIB) Price Prediction 2022 and Beyond – Can SHIB Hit $1?
Floki Inu vs. Shiba Inu – Differences and Similarities
Is Akita Same as Shiba Inu – A Detailed Comparison Between the Two Meme-Coins

Also read:

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