1,053,508,245 SHIB In One Week – Is This Good or Bad?

Key Points

1. 1,053,508,245 SHIB tokens were burned in one week, with a 1,783% increase in the burn rate.

2. A single transfer of 1,000,000,000 SHIB to an unspendable wallet contributed significantly to the burn.

3. The daily SHIB burn rate dropped by 72.71%, with only 1,274,464 SHIB burned on the latest day.

4. The SHIB team's marketing expert clarified that they do not promote random tokens and only support carefully vetted partners.

5. Promotions for partners are discussed in depth and shared across all official channels, not just a few social media accounts.