I just checked the burn numbers for Shiba Inu and things are interesting. They have conducted over 20,000 transactions removing tokens, which has significantly reduced the circulating supply to 589 trillion. If I do the math, those 410.8 billion SHIB burned represent almost 41% of the original supply.

What caught my attention is that the burn activity has decreased a lot. Yesterday, they burned only 1.59 million tokens, 81% less than the day before. But looking at the entire week, they accumulated 59.3 million burned, so there’s constant movement. Some older data shows that in the last month, they bought 196.8 million tokens, so there’s also interest in accumulating.

The burn mechanism remains fundamental for Shiba Inu. People still talk about that historic burn Vitalik Buterin did in May 2021 with 410 trillion tokens, which changed everything for the project’s supply. Right now, Shiba Inu is trading around $0.00 with a small 2.49% increase in the last day. Nothing spectacular, but the project continues with its deflationary strategy.