EDUSELL
Financial Market Examiner
Midas Crypto Vault
  • Home
  • Education
  • Forex News
  • Crypto News
  • Stocks
  • Reviews
No Result
View All Result
  • Home
  • Education
  • Forex News
  • Crypto News
  • Stocks
  • Reviews
No Result
View All Result
Financial Market Examiner
No Result
View All Result
Home Crypto News

Shiba Inu Burns About 400 Trillion Tokens to Cap Supply

Admin by Admin
June 29, 2022
in Crypto News
0
Shiba Inu price
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter
MMC MMC

The Shiba Inu team launched the burn portal to help address the issue of the massive supply of the SHIB tokens. The Japanese dog-themed Shiba Inu coin has not been excluded from the recent crypto meltdown.

SHIB has tumbled almost 13 per cent in the last few hours, back into the red on a weekly basis. The second largest meme coin plunged to $0.000009699 on Wednesday from $0.00001108. As at the time of writing, SHIB’s price is $0.000010 USD.
The total market of Shiba Inu was a little over $5.7 billion, with volume remaining flat as coins worth $505.65 million exchanged hands in the last 24 hours.
A large amount of SHIB were burnt and removed from circulation by moving them to unspendable wallets to be locked permanently.

Read Also– CAR President Launches Crypto Project Following Bitcoin Adoption

The Shiba Inu team has therefore launched the bur portal to address this issue.  The adoption of the burn portal has been impressive so far. Over 400 trillion tokens have been burned.
Despite this step, there are still 549,063.28 billion tokens in supply. The token is deflationary, which means there is no maximum limit on the number of SHIB tokens.

In other news, the Shiba Inu tokens have also been removed by Crypto.com from its crypto Earn Rewards program. This is seen as a big issues by the holders of the second largest meme coins.

 

 

Share on TwitterTweet
Share on Pinterest Share
Share on LinkedIn Share
Share on Digg Share
Tags: CryptocurrenyShiba inu
Institutional Trading Concept Institutional Trading Concept Institutional Trading Concept
ADVERTISEMENT
Previous Post

Global Stock Markets Slips as Recession Looms

Next Post

USD/CHF Dives to Its Lowest Level for Months

Admin

Admin

Next Post
USD CHF pair latest

USD/CHF Dives to Its Lowest Level for Months

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

  • 99 Subscribers
  • Trending
  • Comments
  • Latest
AUD USD pair

Forex: AUD/USD Point To More Downside For The Aussie

October 20, 2022
yen and dollar

FOREX-Yen Flirts With Intervention Level As Dollar See Gains

October 11, 2022
Virtual stadium in the metaverse

Why Virtual Stadium Can Be the Next Big Thing in the Metaverse

January 26, 2023
USDD Depegs

USDD Stablecoin Depegs To $0.96, Tron (TRX) Dumped

December 12, 2022
What is Initial Coin Offering?

Initial Coin Offering (ICO)

0
What is staking?

Staking

0
What is Defi?

Defi (Decentralized Finance)

0
Differences between Axie Infinity and Decentraland

Axie Infinity and Decentraland: Features and Differences

0
AUD USD pair

AUD/USD falls from 7-month highs

February 2, 2023
What is Wiki Cat

What is Wiki Cat (WKC)?

February 1, 2023
FTX Group Interim Financial Update Contradicts Court Filing, Shows Exchange Had $1.43B In Cash

FTX Group Interim Financial Update Contradicts Court Filing, Shows Exchange Had $1.43B In Cash

February 1, 2023
Tesla Lost Millions In Crypto

Tesla Lost Millions In Crypto

February 1, 2023

Recent News

AUD USD pair

AUD/USD falls from 7-month highs

February 2, 2023
What is Wiki Cat

What is Wiki Cat (WKC)?

February 1, 2023
FTX Group Interim Financial Update Contradicts Court Filing, Shows Exchange Had $1.43B In Cash

FTX Group Interim Financial Update Contradicts Court Filing, Shows Exchange Had $1.43B In Cash

February 1, 2023
Tesla Lost Millions In Crypto

Tesla Lost Millions In Crypto

February 1, 2023
Financial Market Examiner

Get all the latest Financial Market (Crypto & Forex) news, updates and other relevant resources here.

Follow Us

Browse by Category

  • Crypto News
  • Education
  • Forex News
  • Gaming
  • Reviews
  • Stocks

Recent News

AUD USD pair

AUD/USD falls from 7-month highs

February 2, 2023
What is Wiki Cat

What is Wiki Cat (WKC)?

February 1, 2023

© 2022 Financial Market Examiner. - Designed by Mayconcept Solutions.

No Result
View All Result
  • Home
  • Education
  • Forex News
  • Crypto News
  • Stocks
  • Reviews

© 2022 Financial Market Examiner. - Designed by Mayconcept Solutions.

?>