According to Shibburn, the SHIB community, dubbed the “SHIB Army,” burned nearly two billion SHIBs in November.
A total of 410,298,489,440,804 of the one quadrillion initial supply burned. Burned tokens have been permanently removed from circulation. In this case, the decrease in circulating supply is expected to increase the price of the Shiba Inu.
According to Shibburn, a total of 410,296,586,422,853 SHIB tokens (41.02966%) were burned from the one quadrillion initial supply at the beginning of November.
As of December 1, that number had increased to 410,298,449,011,405 (41,02984% of the initial supply), with an increase of approximately 1.9 billion in tokens burned during this time frame.
The Shiba Inu is expected to increase in value and price. Shytoshi Kusama, lead developer of the SHIB team, recently said that Shiba Inu has the potential to expand into the “Metaverse” with its game.
Risk Disclosure: The articles and articles on Arover.net do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your due diligence and do your own research before investing in these currencies.