• The Shiba Inu community is committed to reducing the overall token supply in the ecosystem with an aggressive token-burning mechanism.
• Last week, 305.77 million SHIB tokens were burned through multiple transactions and anonymous wallets were the biggest burners.
• Shiba Inu has been recognized by blockchain security firm Certik with a security score of 94.30 and is the most traded asset on CoinSwitch’s crypto app.
Shiba Inu Community Reduces Token Supply
The Shiba Inu community is actively working towards reducing its overall token supply by initiating an aggressive token-burning mechanism. Over the past 7 days, 305.77 million SHIB tokens have been burned through multiple transactions, with an anonymous wallet being the biggest burner of all at 15.57 million SHIB tokens.
Shibburn Reports 19 Million Tokens Burned in 24 Hours
According to Shibburn, 19,175,360 SHIB tokens entered a dead wallet in a 24 hour period via four transactions. This was a 103% increase compared to the previous day which saw only 9.40 million SHIB coins burned through three separate transactions.
Certik Recognizes Shiba Inu as Robust Ecosystem
A blockchain security firm Certik has recognized Shiba Inu for its impressive metamorphosis from meme coin to robust decentralized ecosystem and assigned it a security score of 94.30 – one of the highest scores among crypto projects today. Furthermore, it is also currently the most traded asset on India’s largest crypto app CoinSwitch .
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Shiba Inu continues to grow as a project by showcasing its commitment towards reducing its total token supply while simultaneously being recognized by a major blockchain security firm like Certik and becoming the most traded asset on CoinSwitch’s crypto app!