Compared to all individual weekly burns in November, the total number of SHIBs burned in the last month exceeded 500 million. That’s still low compared to the results in early fall and summer.
666 million SHIB gone last month
Shibburn’s tracking platform reported that in November, the Shiba Inu army managed to remove “a fair amount” of these meme coins: just over 666 million. This month, the SHIB consumption rate showed high volatility, sometimes rising more than 4,000 to 5,000 percent. However, these increases occurred after minute amounts of SHIB were burned over 24 hours, e.g., B. 1-2 or even 6-8 million. Recently, Shibburn even reported that only one SHIB token was sent to a “Hells” wallet, but insisted that this is important as well since every time a user visits a Burn-related page, it helps remove more meme tokens from circulation.
Regarding the weekly burns in November, 223,264,370 Shiba Inu were taken out of circulation last week.
SHIB accepted by Hublot, Elon Musk, and elite sports car maker
Earlier this year, the adoption of the second-largest meme coin by market cap surged thanks to a collaboration with cryptocurrency payments processor BitPay. Swiss watch giant Hublot began accepting Shiba Inu, Dogecoin, and other cryptocurrencies. in August of this year. The Boring Company, owned by billionaire Tesla CEO Elon Musk, who also bought Twitter in late October, began selling a Musk collectible, a perfume called “Burnt Hair” worth just over $100 a bottle. Around 10,000 bottles were sold within a few days.
As recently reported by thanks to BitPay, Shiba Inu is now also accepted by elite Swedish sports car manufacturer Koenigsegg Automotive AB.