Shiba Inu: Only 59% of Initial Supply of $SHIB Is Still in Circulation - Aliens: AI Crypto News & Markets Updates
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Shiba Inu: Only 59% of Initial Supply of $SHIB Is Still in Circulation

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CryptoGlobe

Sat, Dec 04, 2021

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Over 41% of the total supply of the meme-inspired cryptocurrency Shiba Inu ($SHIB) has been burned so far as the SHIB community keeps coming up with new initiatives to burn SHIB and decrease its circulating supply.

According to data from token burning tracking platform Shibburn , a total of 410.29 trillion SHIB have been burned since the cryptocurrency was launched.

The Ethereum co-founder then grabbed around 90% of the SHIB tokens that were donated to him and burned them in a transaction that removed over 410 trillion SHIB from circulation.

Since Buterin’s transaction, the community has engaged in new token burning initiatives, including burning tokens based on views to a playlist.

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