The supply of the dog-themed meme token Shiba Inu is reducing day by day, thanks to the joint efforts of the SHIB community. According to data from the Shibburn website, so far, 410,749,550,095,727 SHIB have been removed from circulation. The current total supply is now approximately 589,249,930,585,913, down from the original one quadrillion at launch. More than 41% of the initial tokens have been depleted through burns and deflationary mechanisms. In May 2021, Ethereum cofounder Vitalik Buterin burned 410 trillion SHIB tokens, which accounted for 90% of the tokens he had received from the Shiba Inu project. As recently reported by Shibburn's X account, over the past 24 hours, the burn rate has dropped by almost 100%, with only 2,145,113 SHIB destroyed. In the past seven days, 1,173,881,855 were burned, marking a 1,099.51% rise in the weekly burn rate.
