Shibarmy News

Woah! Over 40 Billion Shiba Inu Tokens Now Burned in Official Shib Burn Portal

Published

3 years ago

May 18, 2022

(Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. Every investment and all trading involves risk, so you should always do your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.)

Everyone that said the Shiba Burn portal would have no effect is now eating their own words as 41,280,074,662.15 Shiba Inu Tokens have been destroyed! The rapid acceleration of the burn is really something spectacular to watch.

We are currently only on day 25 of the launch of the burn portal and although it started out slower the pace has been picking dramatically.

🔥🔥🔥🔥 10,000,000,000 $SHIB -> transferred to dead wallet. https://t.co/e2lof6YMYf

— Shibburn (@shibburn) May 18, 2022

Between the avg daily burn and the rate of burn increasing, we can only surmise that over a trillion SHIB tokens can be burned per year. If the pace picks up this could actually turn into trillions per year, which would raise the value of Shib even more than is expected. Remember the Shib Burn Portal was just one piece of the puzzle as Shiabrium, Shib The Metaverse, and the Playside Studio Games are still on their way.

We will continue to monitor the Shiba Burn portal and update the community. At the current time of writing the Shiba Inu Token is trading at .00001236.