In a rather impressive development for the SHIB Army, there were more than 1.3 billion Shiba Inu tokens that were burned in November alone. Indeed, Shiba Inu burn tracker resource, Shibburn reported the massive quantity of tokens that have now exited the circulating supply. Subsequently, many expect the price of the asset to react.

SHIB 육군의 다소 인상적인 발전으로 11월에만 13억 개 이상의 시바견 토큰이 소각되었습니다. 실제로 Shiba Inu 화상 추적 리소스인 Shibburn은 현재 유통 공급량에서 빠져나온 엄청난 양의 토큰을 보고했습니다. 그 후 많은 사람들은 자산 가격이 반응할 것으로 예상합니다.

Specifically, Shibburn took to X, formerly Twitter, to share the amount that was officially burned throughout the month. Moreover, they stated the official figure at 1,368,684, 064 with 273 transactions having taken place in that time. Subsequently, with December kicking off on that note, could a rally be in play?

Also Read: Shiba Inu (SHIB): Shibarium Reaches Landmark 4M Transactions

또한 읽어 보세요: Shiba Inu(SHIB): Shibarium이 획기적인 400만 거래 달성

November Ends With More Than 1.3 Billion SHIB Burned

Few tokens within the digital asset industry boast as passionate and motivated a community as Shiba Inu. Although perceived by many as just a meme coin, the asset has evolved in recent years to seek renewed utility. Subsequently, the entire ecosystem has sought to propel the asset. One of the most important ways to do that is by burning it.

디지털 자산 업계에서 Shiba Inu만큼 열정적이고 의욕적인 커뮤니티를 자랑하는 토큰은 거의 없습니다. 많은 사람들이 단지 밈 코인으로 인식하고 있지만, 이 자산은 최근 몇 년간 새로운 유용성을 추구하도록 진화했습니다. 그 후, 전체 생태계는 자산을 추진하려고 노력했습니다. 가장 중요한 방법 중 하나는 불을 붙이는 것입니다.

The process of burning a token is, in essence, simply decreasing the supply. This process is referred to as burning, and it increases the value. For the meme coin to prosper, it must rely on high burn rates that fall in line with its overarching positive performance. With December kicking off today, the asset is getting a strong start as Shiba Inu saw more than 1.3 billion SHIB burned in November alone.

Also Read: The Race to $1: Will Shiba Inu or Dogecoin Get There First?

또한 읽어 보세요: 1달러를 향한 경쟁: Shiba Inu 또는 Dogecoin이 먼저 도달할 것인가?

The asset reached a massive milestone on its way to this significant landmark. Specifically, its burn rate experienced a 1000% surge on November 30th. Still, the price of the asset throughout the month has been on a decline. Specifically, it has fallen in value by 6.33% through November.

Currently, the volatility of the asset’s performance over the last month leaves it difficult to predict how it will do in December. Currently, however, things are looking up. Indeed, Shiba Inu is trading at $0.000008322, which is a 1.20% increase over the last 24 hours according to CoinMarketCap. Still, positive developments throughout this month, such as notable Shibarium landmarks, could help propel into a rather positive holiday season.