Shib army has removed 140 million $SHIB, raising the burn rate by nearly 140% shibburn
The goal of burning coins is to make SHIB more scarce, thus trying to push the price up in the long run. So far, according to the SHIB burn tracker website, a total of 410,372,927,333,423 Shiba Inu have been burned already from the total supply in circulation. Despite this fact, the price remains 88% below the historic peak of $0.00008845 per coin that was reached in late October last year.
Currently, there are 557,989,334,995,503 SHIB circulating out there. As a result of the aforementioned burn, the burn rate of Shiba Inu has surged 136.7%, according to the Shibburn website.According to several recent tweets posted by Coins.ph, the largest regulated crypto exchange in the Philippines, the platform intended to list Shiba Inu on July 13.
However, due to certain technical issues, the listing of the second largest meme coin by market cap has so far been postponed. The exchange promised to list Shiba Inu"very soon."
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