22.5 billion $SHIB burned within a week of the new portal's launch, 708 million burned in 24+ hours. RealCryptoAngel shibarmy
which has been functioning for a week, has already removed an astounding 22.5 billion Shiba Inu from the circulating supply.
In the meantime, within the past 24 hours, various Shib burn initiatives have incinerated over 708 million meme tokens by sending them to dead-end wallets.that started work recently is already picking up speed, sending massive amounts of the second largest meme token to"inferno" wallets. By Saturday, 20 billion SHIB were burned by it cumulatively and, by Sunday, this amount rose to 22.5 billion tokens.Digital coins are burned in order to make them more scarce and, thus, attempt to push their price up. This has not happened to Shiba Inu yet, as it remains 76.25% below the historic peak of $0.00008845 reached in October.
After reaching a local high of $0.00002196 on May 1, by today, the price of the coin has declined to $0.00002084. This was preceded by a 15% price drop of SHIB, when it fell from a high of $0.00002538 to $0.00002152 on April 30.
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