A whopping 21,654,248 Shiba Inu tokens have been burned over the past 24 hours, as per a tweet shared by Shibburn, the official burn tracker of the decentralized cryptocurrency Shiba Inu. The tracker also cited that the Shib ecosystem has witnessed a total of 3 transactions over the period.
In the early hours of June 12, Shibburn shared a post inviting the community’s attention towards Shiba Inu token’s circulating supply as well as the total number of tokens burned:
In the past 24 hours, there have been a total of 21,654,248 $SHIB tokens burned and 3 transactions. Visit https://t.co/t0eRMnyZel to view the overall total of #SHIB tokens burned, circulating supply, and more.
— Shibburn (@shibburn) June 12, 2023
Over the past week, Shiba Inu has been exhibiting a downward trend, with its price currently reaching $0.000006611 from the previous week’s $0.000008498. While analysing the trajectory of the token over the past 24 hours, it is identified that though the price declined by 1.73%, there has been a slight upward thrust in the early hours of the day.
According to the revelations of Shibburn, the burning rate of Shiba Inu over the past 24 hours is -21.93%; the platform has recently updated the number of tokens burned in the past 24 hours as 22,105,169.
The platform has also shared a clear picture of Shiba Inu’s total supply, accounting for 589,350,748,874,064 and a circulating supply of 578,963,990,339,158. The data signified that a total of 410,649,251,125,935 tokens were burned from the initial supply.
Previously, in the initial week of the month, Shibburn shed light on the massive 4,175,261,803 Shib tokens burned in a week, along with providing details on the 27 transactions of the period.
In related news, the long anticipated Shibarium launch has been reportedly delayed, creating anxiety and pressure among the community. A major figure in Shiba Inu’s marketing team took to Twitter the last day to announce the further postponement in the launch, citing that the event could take place in the coming months.
