Shiba Inu Marks Five Years With Significant Token Burns and Ongoing Deflationary Trends
Main Idea
Shiba Inu (SHIB) celebrates its fifth anniversary with significant token burns, including a major burn by Vitalik Buterin, and ongoing deflationary efforts, alongside ecosystem expansions like Shibarium.
Key Points
1. Over 41% of SHIB's initial supply (410 trillion tokens) has been burned, with a recent 1,720% weekly increase in burn rate.
2. Vitalik Buterin burned 410 trillion SHIB tokens in May 2021, which was 90% of the tokens gifted to him, and donated 50 trillion SHIB to charity.
3. SHIB reached an all-time high of $0.000088 in October 2021, briefly surpassing Dogecoin's market cap.
4. The SHIB ecosystem has expanded with ShibaSwap (a decentralized exchange), Shiba Eternity (a mobile game), and Shibarium (a Layer-2 blockchain).
5. SHIB's deflationary model and community engagement are key to its future growth and sustainability.
Description
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