Shiba Inu token burning continues at a steady pace.
According to the data reported by Shibburn’s official Twitter account, a total of 6,341,324 SHIB tokens have been burned in the last 24 hours, and a total of 6 transactions have been made regarding this.
In the past 24 hours, there have been a total of 6,341,324 $SHIB tokens burned and 6 transactions. Visit https://t.co/t0eRMnyZel to view the overall total of #SHIB tokens burned, circulating supply, and more. #shibarmy
— Shibburn (@shibburn) March 10, 2022
Since these token burns will reduce the number of coins in the market, this situation is expected to reflect positively on price action. On the other hand, the low number of tokens in circulation also increases the demand for meme tokens.
WhaleStats reported a 178.87% increase in the average SHIB balance.
Also, the top 100 Shiba Inu owners have increased their portfolios. Accordingly, the average SHIB value in these portfolios grew by 180.48%. Both volume and active addresses have increased by 880% and 18.18% in the last 24 hours.
Shiba Inu Adoption Keeps Increasing!
As Shiba Inu adoption continues to grow, many new companies are stating that they will be accepting meme tokens.
Australian Energy company 1st energy has announced that after SlingTV and SuperJeweler, US mattress store “Beds to Go” now accepts Shiba Inu for payments.
The store has announced that it is open to receiving cryptocurrencies for payments through Coinbase. With 30 years of experience, the Tennessee-based store accepts Bitcoin, Ethereum, Litecoin, and HEX as payment as well as SHIB.