SHIB Burns Reach 0.00% - Why Is It Bullish?
2025-07-01 15:15:39
Main Idea
Despite a 0.00% SHIB burn rate, the Shiba Inu ecosystem shows bullish signs due to significant token burns by the SHIB team and advancements in Shibarium's developer tools.
Key Points
1. SHIB burn rate remains at 0.00%, but the SHIB team transferred 23,767,888 SHIB to unspendable wallets, indicating active burns.
2. The 0.00% burn rate may be due to technical issues rather than a lack of burning activity.
3. Shibarium, a layer-2 solution, offers developers tools to build decentralized applications (dApps), including DeFi protocols and NFT marketplaces with low fees.
4. Shibarium provides a Developer Hub and a testnet 'Faucet' for testing new builds, along with a bridge for asset transfers across networks.
5. An official community-driven burn portal is available to help reduce SHIB token supply.
Description
Shiba Inu burn rate sits at zero percent, but here's bullish pivot
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