A Twitter user @shibburn reports the recent creation of the Shiba Inu burn website showing that the coin supply is on its way up again due to increased mining activity.
People who have not been playing for a while take out their staked SHIB
The aforementioned Twitter account, whose team has recently launched a website that duplicates data from etherscan related to Shiba Inu burn transactions, has tweeted that the SHIB supply on this website might be increasing of late.
As Shibburn explains this, some users withdraw their SHIB from the staking program, so that the SHIB is no longer in circulation. The amount of SHIB in circulation can increase and decrease, depending on whether users are staking their tokens or withdrawing them from the staking program.
Recently, the Spanish language has also been added to the SHIB burn website mentioned above.
21.4 million SHIB incinerated
In the last twenty-six hours, according to the same website, a total of 2,134,724 Shibas have been removed from the overall circulating amount of Shiba Inus.
Over the past 24 hours, there were 19,156,573 coins burnt, and another 2,234,567 Shibas were destroyed.
SHIB tokens were burned during a “burning party” that was livestreamed on YouTube. On Dec. 26, they burned over 239.6 million SHIB. On Feb. 14, the company will host another burning party, where the burning pot for this party contains more than 47 million SHIB.
According to a recent tweet from one of their community managers, they plan to burn $100,000 worth of tokens in order to make a statement. That is the fiat equivalent of 3,409,943,656 SHIB.
ETH whales keep joining the SHIB community and it’s growing
On January 18th, the number of Shiba Inus reached a staggering 1,145,212 users. That’s 5,000 more users than the previous announcement.
According to this statistics service, the top 1,000 ETH whales are now holding 51,660,947,521,021 SHIB. That’s worth $1,481,475,410.
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