Shiba Inu Lead Dev States Requirements for Massive SHIB Burns; Over 1 Billion SHIB Burned in 7 Days
According to Shiba Inu Lead developer, Shytoshi Kusama one seeming requirement for massive Shiba Inu burns, He says the project is working towards it on many levels.
Also said "Massive burns will require a true community effort and we are working towards it on many levels. Will take time and I hope the timing works out perfect!"
I gotcha. I really thank you for all that you do for real. :) we just need some massive burns to pep up the army. I hope we are coming really close to getting this rolling and surpass the top 5th spot.— buddydude101 (@phillip27076356) July 18, 2022
That tracks 410,373,764,750,087 SHIB tokens that have already been burnt from the initial supply of 1 quadrillion.
In the past 24 hours, there have been a total of 76,275,825 $SHIB tokens burned and 16 transactions. Visit https://t.co/t0eRMnyZel to view the overall total of #SHIB tokens burned, circulating supply, and more. #shibarmy— Shibburn (@shibburn) July 18, 2022
76,275,825 SHIB tokens have been burned and transactions have been made in the last 24 hours. while that may seem like a lot at that rate it may take approx 2 weeks to burn 1 million SHIB and 40 years to destroy 1 trillion tokens.
The burn could intensify based on true community efforts as suggested by the SHIB lead developer the burning of SHIB is going at a steady rate with over 1 billion SHIB burned in the last 7 days.
The live Shiba Inu price today is $0.000012 with a 24-hour trading volume of $918,700,184 market cap of $6,456,711,327. It has a circulating supply of 549,063,278,876,302 SHIB coins.
Shiba Inu if it can replicate its astounding bull run of 2021 Shiba Inu called millions of percent to reach highs of $0.000088 in October 2021 Shiba Inu is currently traded on several cryptocurrency exchanges like Binance, Coinbase, Gemini, and Bitfinex.
Furthermore, The meme cryptocurrency erased the zeros from its price enthusiasts are predicting SHIB's price to reach $0.01 since reaching an all-time high of $0.000088 in October last year at $0.88, Shiba has lost approx 87.19% of its value.