Shiba Inu (SHIB) tokens are getting rare day by day.
SHIB community-led burning initiatives seem to charge, as recent data provided by Shibburn’s official Twitter handle reveals that about 213,640,225 (213M) SHIB tokens were taken out of circulation forever with ten transactions within the last 24 hours.
This means the burning rate increased whopping 1003.55% from the previous day when only 34,353,687 (34M) SHIB tokens were reported Burned by the same source.
In the past 24 hours, there have been a total of 213,640,225 $SHIB tokens burned and 10 transactions. Visit https://t.co/t0eRMnyZel to view the overall total of #SHIB tokens burned, circulating supply, and more. #shibarmy
— Shibburn (@shibburn) March 4, 2022
Besides this burning in place, we’re seeing increasing demand for SHIB tokens. Even ETH whales are showing their hunger to accumulate as many SHIB tokens in their wallets as they can.
This all comes as the SHIB team brings their dream plans to reality in a rapid manner. Almost every day, a new company or exchange is seen coming in to join the SHIB ecosystem by accepting it either as a form of the payment method or either listing it for trading purposes or making any other partnership.
Recently, Vivid Money has listed the Shiba Inu token on its platform for trading purposes. At the same time, the SHIB community is waiting for LaborX’s massive announcement for the SHIB ecosystem scheduled this week and might become public in the coming one or two days. LaborX is a crypto-based freelance job platform that recently added support to SHIB as a payment method.
The two real-life scenarios that are helping big time in Shib’s reputations are the recent announcement that SHIB has now stepped into the fashion industry with ” John Richmond’s Italy-based brand. Shiba Inu’s bold step in real-life products by unveiling its first deep-rooted partnership with Welly’s, a new hyper-quality agile blockchain-based fast-food chain in Naples, Italy, opened in 2021.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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