Cryptocurrency Q&A
How many ship coins have been burned?
How many ship coins have been burned?
Giulia
Tue Sep 03 2024
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7 answers
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Could you please elaborate on the current status of the "ship coins" that have been burned? I'm particularly interested in knowing the exact number of these coins that have been removed from circulation. Additionally, I'd appreciate any insights into the reasons behind this burning process and its potential impact on the overall market and value of the remaining coins. Thank you for your time and consideration.
7 answers
Giulia
Thu Sep 05 2024
Shiba Inu, a prominent cryptocurrency, has garnered significant attention since its inception in 2020.
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SamsungShineBrightnessRadianceGlitter
Thu Sep 05 2024
A noteworthy milestone in its journey is the burning of over 410 trillion SHIB tokens, a strategic move that has reduced the token's total supply.
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ethan_harrison_chef
Thu Sep 05 2024
This burn represents approximately 41% of the initial supply, highlighting the commitment to managing scarcity and potentially enhancing the value of remaining tokens.
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Elena
Wed Sep 04 2024
By February 2024, the collective worth of all burned SHIB tokens surpassed $3.9 billion, reflecting the substantial impact of this measure on the market.
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CloudlitWonder
Wed Sep 04 2024
Amidst this development, Shiba Inu has solidified its position as a leading meme coin, ranked second in terms of market capitalization.
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