Shiba Inu: How Many SHIB Tokens Were Burned In 2024?
According to Shiba Inu (SHIB) burn tracker Shibburn, 44.62 billion SHIB tokens were burned in 2024. The value of 44.62 billion SHIB is roughly a little more than $1 million. Also Read: Top 3 Cryptocurrencies To Watch This Weekend https://twitter.com/shibburn/status/1874321149049659822 Did The Burning Of 44.62 Billion Shiba Inu Lead To A Price Increase? Source: Watcher Guru There are about 589 trillion SHIB tokens in circulation. Burning 44.62 billion tokens is barely a dent when compared to the total. The total burns are unlikely to have made any significant difference to SHIB’s price. Most of the burns are likely from transaction fees. SHIB’s burn initiative has destroyed billions of tokens till now. However, the number of tokens destroyed has seldom led to a price spike. Also Read: VeChain (VET) On Pace to Return to $0.1: Here’s When How High Will The Dog-Themed Crypto Go In Q1 2025? According to CoinCodex, SHIB’s price will spike to a new yearly high of $0.00004820 ...