As reported by the Crypt Eye, the number of Shiba Inu tokens burned by the end of this week was 272.2 million SHIB based on the current token price of $0.000013, making this burning figure equivalent to $3,505.
By analyzing the graphs over the past 30 days, we can see that since the start of September, the SHIB incineration process has slowed down considerably. For example, nearly 13 billion SHIBs were burned last summer for a total of $154,507, of 3.6. Billions of SHIB were sent for incineration in August only a month.
and considering the level of September Results may be 2 times worse or more by the end of the month.
In total, the four addresses that send SHIB incineration have absorbed more than 41% of Shiba Inu’s total supply of 1 trillion SHIB.
Current status of Shiba Inu
Among other data presented by the Crypt Eye, it is worth noting that the number of SHIB holders continues to grow. While the project is being developed comprehensively and regularly, for example last week. The team at SHIB: The Metaverse has been re-added, with former Netflix and Technicolor producers working on big films such as Guardians of the Galaxy and Ant-Man.
The community is also eagerly awaiting the release of the long-awaited Layer 2 Shibarium protocol. This, according to developers at Shiba Inu, may become apparent in the third quarter of 2022.
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