Shiba Inu appears to have begun its Christmas celebrations sooner than the rest of us. Earlier today, TWJ reported that the token was one of the top alternative currencies to enter the Swedish high-performance sports vehicle manufacturer Koenigsegg Automotive AB. The support was made available through BitPay, a well-known cryptocurrency payment module.
Christian von Koenigsegg founded the Swedish super sports vehicle, sports car, and roadster brand Koenigsegg in 1994. Before modification, the prices of its hypercars, which are premium automobile brands, range from $1.9 million to an incredible $3 million.
The retailer, which also sells Aston Martin, Bentley, premium electric car company Karma Automotive, and other exotic cars, is now able to accept Shiba Inu in addition to Bitcoin and Ethereum cryptocurrencies in exchange for these expensive automobiles thanks to its cooperation with BitPay.
Thanks to a collaboration with FCF Pay, the well-known meme coin Shiba Inu has been approved by American Air, the largest airline in the world, and Air Canada, the national carrier of Canada, according to TronWeekly.
The meme coin can be used to pay for hundreds of online shops as well as reserve flights with American Air and Air Canada. Shiba Inu is oddly the only volatile asset to have been added to the list of recognised crypto tokens.
Since the chief Shiba Inu developer, Shytoshi Kusama, focused all of his attention on the much awaited Shibarium – Layer 2 Solution, its governance token BONE has also been receiving a lot of interest from exchanges and investors over the past several months.
Hurray! Shiba Inu Burns Go over $666M!
The total SHIB destroyed in November increased by more than $500 million as compared to each individual weekly burn. Comparing that to the early fall and summer findings, it is still quite low.
According to the Shibburn monitoring website, the Shiba Inu army was able to steal “a devil’s number” of these meme currencies in November, or little over 666 million.
The SHIB burn rate showed tremendous volatility during that month and occasionally increased by above 4,000 and 5,000 percent. However, those increases only materialized once minute quantities of SHIB, such as 1-2 or even 6-8 million, were consumed over a 24-hour period.
Shibburn recently revealed that only one SHIB token has been transferred to a “inferno” wallet, but argued that this was still significant since each time a user sees a page about burns, they contribute to the elimination of more meme tokens from circulation.
Regarding the weekly burning in November, a total of 223,264,370 Shiba Inu were taken out of circulation last week.