HomeCryptocurrency263 billion Shiba Inu (SHIB) coins have been burned since October

263 billion Shiba Inu (SHIB) coins have been burned since October

More than 250 billion SHIB tokens have been burned since the end of last year. The approximate value of the tokens burned is said to be 6.5 million US dollars.

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Bigger Entertainment CEO Steven Cooper revealed that 263.4 billion SHIB tokens have been burned since October last year. The Shiba Inu (SHIB) is currently trading at $0.00002417. Accordingly, the approximate value of the tokens burned is currently over 6.5 million US dollars.

Meanwhile, coin burning incidents are on the rise in the Shiba Inu community. It’s clear that a large amount of tokens have been burned. Digital incineration aims to reduce the total amount of tokens.

The biggest burn was made by Ethereum founder Vitalik Buterin. Last year, the 28-year-old investor burned 90 percent of his SHIB token holdings. At the time he burned the tokens, their value was approximately $6.8 billion.

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Mehmet S. Kaya
Mehmet S. Kayahttps://teknonel.com
Mehmet is one of the administrator of Teknonel. As a software developer, he loves to share his knowledge in related topics. He is highly familiar with the editorial process from the inception of an article idea, through the iterative process, publishing, and performance analysis as well as product reviews.

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