Shiba Inu Marks Five Years With Significant Token Burns and Ongoing Deflationary Trends

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.