SHIB adoption is growing as more tokens are burned

A TikToker and Youtuber was walking along the beach when he decided to buy a snack. He ended up finding a tent that accepted cryptocurrencies as payment, so he chose to pay with the famous Shiba Inu meme coin (quotation SHIB).

The experience was told by the Brazilian TikToker and Youtuber Erick Rocha, with more than 88 subscribers on YouTube. The channel focuses on sharing investment information, including cryptocurrencies.

The TickToker bought its food on the beach for 158.000 Shiba Coins; Erick posted his story in Tik Tok, showing he was walking along the beach when he came across a stall accepting cryptocurrencies.

According to him, the tent accepted Bitcoin and Shiba Inu as a means of payment. "I was walking on the beach when I found this little stall that accepts Shiba Inu and Bitcoin."

Seeing the symbols of Bitcoin and Shiba Inu, Rocha checked if the means of payment with cryptocurrencies was true, so he ordered two snacks and paid for his banquet with Shiba Inu.

Rocha took the opportunity to talk about cryptocurrencies with the stall owner. According to the YouTuber, the seller said he considers it essential to work with cryptocurrencies, as this means of payment is easy for customers.

Over 322 million Shiba Inu tokens removed from circulation last week, with 57M SHIB burned on Sunday

The Shiba Inu (SHIB) community is considered to be the best community in the cryptocurrency world, and nowadays it seems to be busy burning SHIB tokens by sending them to a dead wallet to drive up the price and sustain it in the long run.

Recent Etherscan data reveals that the SHIB community was able to destroy a huge number of Shiba Inu (SHIB) tokens this week, that is to say, more than 322 million tokens have been taken out of circulation with 52 transactions. By comparison, more than 57 million SHIB tokens were burned on Sunday alone.

The exact number of SHIB tokens that have been burned in the last seven days is 322.633.272, (322M), while on Sunday, precisely 57.084.421 (57M)

Shibburn's official Twitter handles verified the details of the burn via tweet and told his followers that exactly 57.084.421 SHIB tokens had been burned on Sunday alone with nine transactions, while 322.633.272 SHIB tokens were sent to dead wallet during last week with 52 transactions.

Burn, burn SHIB!

Community interest in combustion appears to be increasing day by day following the recent value developments at play in the SHIB ecosystem.

According to the team, developments such as Shiberse, Shibarium, etc. are expected to happen soon or in 2022. Although all these developments look bullish for the Shiba Inu (SHIB) token and are expected to take the SHIB token to its new heights. The current massive circulating supply of 549 trillion tokens could further hinder price growth.

Knowing this fact, the SHIB community is committed to burning and wants to take as many tokens out of circulation as possible at these lowest prices.

In addition to this massive burning at stake, recent data from WhaleStats reveals that ETH Whales' total holding has exceeded $ 2 billion and currently stands at $ 2.806.528.218.