Shiba Inu burnt 410 Trillion SHIB from initial supply as it introduced Burn Mechanism

Shiba Inu developers are working on new mechanisms to burn SHIB tokens. According to Steven Cooper, they will introduce them later on.


Shiba Inu burnt 410 Trillion SHIB from initial supply as it introduced Burn Mechanism
Shiba Inu Burnt | Image: Optimisus

The creator of the Shiba burner playlist said that more new mechanisms for burning Shiba Inu tokens are going to be introduced as the developers of the memecoin are working on them now.


Meanwhile, over the last few days, about 110 million SHIB tokens have been destroyed and the circulating supply continues to shrink. Also, Shiba Inu devs have burnt a total of 410,301,296,671,858 SHIB from the initial supply.


In addition, Steven Cooper, the owner of the Bigger Entertainment crypto record label that executes regular SHIB burn parties, said that SHIB developers are working to build new mechanisms that would create more ways to burn SHIB.


Moreover, Cooper urged the Shiba Inu Twitter community to buy tickets to the next burn party on February 14. According to Cooper, the money will be used to buy Shiba Inu tokens and burn them on Valentine's Day.


Also, a Twitter account with a handle @shibburn account has reported that over the weekend, almost 110 million Shiba Inu tokens were moved to a dead wallet from which they will be forever left out.


Overall, the community burnt a whopping 2.5 billion SHIB tokens have been burned since December 1.