Shiba Inu is recording a significant change in the number of coins burned online. Compared to January, the process of reducing the supply has slowed down significantly. Meanwhile, representatives of the Exodus wallet have decided to respond to suggestions from the community to implement support for Shibarium.
SHIB burning statistics down
The total number of SHIBs removed from circulation in the past month, amounted to 352,210,738 (352.21 million). These processes were contained in just 128 independent transactions. Compared to January, this is a significant deceleration. Indeed, the first month of the year resulted in the burning of 1.12 billion Shiba Inu, which took place in 223 transactions.
However, the lower burn rate did not affect the achievement of another record. As it turns out, one unknown wallet was tempted to destroy a bagatelle of 63.86 million SHIB. Transactions of this magnitude are particularly rare.
The concerted efforts of Shiba Inu supporters have so far resulted in the burning of as many as 410.38 billion SHIB. Out of a total supply of 1 quadrillion, there are currently 589.61 billion SHIB in circulation. Some of these tokens were placed by key investors on the decentralized ShibaSwap exchange. Taking into account these numbers (17.06 billion), the total available supply currently stands at 572.54 billion SHIB.
Shibarium supporters expect support from Exodus
With the upcoming Shiba Inu update and the launch of the second layer of the network, the possibilities of the dog coin will become much greater. SHIB sympathizers, taking advantage of this fact, decided to hook the cryptocurrency wallet developer Exodus and, in a way, force it to launch support for Shibarium. The latter, in turn, using its Twitter profile, decided to respond. Shiba Inu supporters were informed that their suggestion was registered by the asset team. It was also added that Exodus cannot make any promises on the matter at the moment, but a “delightful surprise” is expected.
Meanwhile, many platforms have already managed to announce support for tier two of the popular coin. Among them are such entities as Voxel X Network, Atomic Wallet, NOWNodes and CoinRabbit. Time will surely bring many more.
Shiba Inu in anticipation
The current time for Shiba Inu supporters is mainly a period of waiting for Shibarium. The price is also behaving similarly. Although the volatility of SHIB in the past month has been relatively high, the value of the token has risen by only 1.5%. More sustained movement will likely have to wait a bit longer.