Shiba Inu Community Ignites Coin Burn Surge for SHIB Tokens
Main Idea
The Shiba Inu community has significantly increased the burn rate of SHIB tokens, removing over 602 million SHIB from circulation in 24 hours, aligning with its deflationary goals.
Key Points
1. 602,041,022 SHIB tokens were burned in the last 24 hours, with a single transaction accounting for 600,701,531 SHIB.
2. The weekly burn total reached 616,409,987 SHIB, setting a record for the highest burn rate.
3. The burn surge is part of Shiba Inu's long-term strategy to reduce supply and support price appreciation.
4. Shiba Inu developers are using the Layer-2 network Shibarium to facilitate these burns.
5. A community vote involving BONE tokens is ongoing, with a majority favoring burning SHIB when BONE's price exceeds $2.
Description
The Shiba Inu community intensified its coin burn rate, removing over 602 million SHIB. Burns aim to reinforce a long-term deflationary trajectory, reducing token supply. Continue Reading: Shiba Inu Community Ignites Coin Burn Surge for SHIB Tokens The post Shiba Inu Community Ignites Coin Burn Surge for SHIB Tokens appeared first on COINTURK NEWS .
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