Shiba

2024

Shiba Inu

Billion

<ul> 
 <li>January sees 10 billion SHIB tokens incinerated, boosting Shiba Inu’s deflationary efforts.</li> 
 <li>December’s record-breaking burn of 36 billion SHIB tokens surpassed January’s achievements.</li> 
 <li>Shiba Inu’s community demands increased burns and explores automation on Shibarium for token scarcity and utility.</li> 
</ul> 
January 2024 brought a significant milestone for Shiba Inu as the popular cryptocurrency witnessed 9.9 billion SHIB tokens being permanently removed from its circulating supply. This remarkable achievement in token burning was unveiled by the <a href="https://coinedition.com/shib-burn-explained-everything-to-know-about-shiba-inu-coin-burning/" target="_blank" rel="noreferrer noopener">Shiba Inu burn analytics platform, Shibburn</a>, which has released fresh data highlighting the extent of this event. 
According to the data, approximately 10 billion units of SHIB tokens were incinerated throughout January, with an exact figure of 9,937,949,070 (9.93 billion) SHIB tokens sent to dormant wallets associated with the cryptocurrency. At press time, SHIB traded at $0.00000889, per <a href="https://coinstats.app/coins/shiba-inu/" target="_blank" rel="noreferrer noopener nofollow">CoinStats</a>. The tokens burned last month hold a value of approximately $88,348. 
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 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f525.png" alt="🔥" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f525.png" alt="🔥" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f525.png" alt="🔥" class="wp-smiley" style="height: 1em; max-height: 1em;"> 9,937,949,070 <a href="https://twitter.com/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$SHIB</a> tokens have been burned in the month of January with 269 transactions. <a href="https://twitter.com/hashtag/SHIB?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#SHIB</a> <a href="https://t.co/cPJwJy7Thd" target="_blank" rel="nofollow">pic.twitter.com/cPJwJy7Thd</a>— Shibburn (@shibburn) <a href="https://twitter.com/shibburn/status/1752924186505285850?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">February 1, 2…</a>
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The post <a href="https://coinedition.com/shiba-inu-witnesses-massive-burn-of-nearly-10-billion-tokens-in-january/">Shiba Inu Witnesses Massive Burn of Nearly 10 Billion Tokens in January</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Shiba Inu Witnesses Massive Burn of Nearly 10 Billion Tokens in January

Coin Edition

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