How much of Shiba Inu (Shib) has been burned?

Over 41% of the total supply of the meme-inspired cryptocurrency Shiba Inu ($SHIB) has been burned so far as the SHIB community keeps coming up with new initiatives to burn SHIB and decrease its circulating supply.

How much Shib is in circulation?

CoinMarketCap currently lists 549,095,509,738,353 SHIB in circulation - an increase of 155 trillion SHIB from its previous listing of 394,796,000,000,000 SHIB,. To add to the uncertainty, CoinGecko previously stated the supply of SHIB was 497,730,966,630,395 SHIB. It recently updated this to the same as CoinMarketCap.

How many Shiba Inu tokens are there?

Initially, Shiba Inu has a total supply of one quadrillion tokens, but 50% of them were locked in a smart contract to provide liquidity on decentralized exchange Uniswap, while another half were sent to Ethereum co-founder Vitalik Buterin.

Is Shiba Inu a sustainable catalyst?

Equally worrisome is the fact that Shiba Inu lacks anything resembling a competitive edge or true differentiation. Even though popularity was a differentiating factor for SHIB in 2021, this isn't a sustainable catalyst. At its core, Shiba Inu is an ERC-20 token built on the Ethereum blockchain.