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More Than 3.5 Billion Shiba Inu Tokens Have Been Burnt In Last Two Months

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Spotlight

It seems like Shiba Inu is getting ready to fly as more and more coins are being burnt by fans of the cryptocurrency.

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The whole memecoin craze has propelled Shiba Inu to become the darling cryptocurrency of Redditors and Twitter users.

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In the last two months alone, 3.5 billion Shib tokens were burnt from supply. If you are not aware about what coin burns are, here is a simple way to look at it.

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Coin Burn is essentially the practice of destroying the coin so that it is not available for further and is wiped off the supplies.

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This is done by sending the coins to any forgotten or specialized wallets whose private keys are not accessible. This, in turn, removes the token from supply and helps boost the price of the cryptocurrency.

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Out of 3.5 billion, 1 billion Shib token burn was contributed by the founder of first ever Crypto record label.

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But guess what? This is not just it. The company is already planning the next burn party in 2022 and ShibArmy is more excited than ever.

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Similarly, a Canadian healthcare company Ask The Dr has come as a blessing to all the Shiba Inu investors.

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More Than 3.5 Billion Shiba Inu Tokens Have Been Burnt In Last Two Months