Here are latest insides about Shiba Inu burning and more
As reported by Crypt Eye, the number of Shiba Inu tokens burned by the end of the week stood at 272.2 million SHIB. Considering the current coin price of $0.0000013, this figure equates to $3,505.
Analyzing the graph for the last 30 days, we can see that since the onset of September, the process of SHIB burning has slowed down a lot and has almost reached a plateau. For example, almost 13 billion SHIB were burned last summer for a total of $154,507, where 3.6 billion SHIB were sent to a “dead” address in August alone.
Considering the pace of September, where only 1.25 million SHIBs are burnt in a quarter of the month, the results can be expected to be two or more times worse at the end of the month.
Overall, the four addresses where SHIB are sent for burning have so far absorbed more than 41% of Shiba Inu’s total supply of 1 quadrillion SHIB.
Current status of shiba inu
Among other data presented by Crypt Eye, it is also worth noting that the number of SHIB holders has steadily increased, of which there are already 2.1 million wallets. The second million was reached recently as the number of SHIBs with wallets increased by 129,000 over the past three months.
The project itself is developing comprehensively and regularly reports on what has already been achieved. Thus, last week we learned of another addition to SHIB: The Metaverse team, when the former producer of Netflix and Technicolor who worked on such large-scale films as Guardians of the Galaxy and Ant-Man, joined the project by Shiba Inu.
In addition, the community expects the launch of the long-awaited Layer 2 protocol Shiberium, which, according to the developers of Shiba Inu, should see the light of day in the third quarter of 2022.
