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<ul>
 <li>Shytoshi Kusama, the leader of Shiba Inu, took to the X platform on Saturday to respond to increasing speculation about the burning of Shiba Inu (SHIB) and Bone ShibaSwap (BONE) tokens.</li>
 <li>Shiba Inu’s Layer-2 scaling solution, Shibarium, successfully passed its first significant hard fork, bringing various crypto token burning models.</li>
 <li>As reported by developer Kaal Dhairya, the team plans to increase burning capacity through a new burning mechanism.</li>
</ul>
<p><strong>Shiba Inu’s lead developer addressed questions about SHIB and BONE tokens: the current status of SHIB token burns!</strong></p>
<h2 id="strong-shiba-inu-leader-talks-about-token-burns-strong"><strong>Shiba Inu Leader Talks About Token Burns</strong></h2>
<p><img loading="lazy" decoding="async" class="alignnone size-full wp-image-127592" src="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Shiba-Inu-SHIB.webp?resize=696%2C392&amp;quality=70&amp;ssl=1" alt="Shiba Inu (SHIB)" width="696" height="392" srcset="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Shiba-Inu-SHIB.webp?w=1280&amp;quality=70&amp;ssl=1 1280w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Shiba-Inu-SHIB.webp?resize=300%2C169&amp;quality=70&amp;ssl=1 300w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Shiba-Inu-SHIB.webp?resize=1024%2C576&amp;quality=70&amp;ssl=1 1024w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Shiba-Inu-SHIB.webp?resize=768%2C432&amp;quality=70&amp;ssl=1 768w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Shiba-Inu-SHIB.webp?resize=150%2C84&amp;quality=70&amp;ssl=1 150w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Shiba-Inu-SHIB.webp?resize=696%2C392&amp;quality=70&amp;ssl=1 696w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Shiba-Inu-SHIB.webp?resize=1068%2C601&amp;quality=70&amp;ssl=1 1068w" sizes="(max-width: 696px) 100vw, 696px" data-recalc-dims="1"></p>
<p>Shiba Inu’s lead developer, Shytoshi Kusama, went live on the X platform on Saturday to respond to increasing speculation about the burning of Shiba Inu (SHIB) and Bone ShibaSwap (BONE) tokens. This comes after the Shiba Inu team burned the first $75,000 worth of SHIB tokens using the BONE tokens collected through the Shibarium-supported burning process.</p>
<p>Shiba Inu’s Layer-2 scaling solution, Shibarium, successfully passed its first significant hard fork, bringing various crypto token burning models. Shytoshi Kusama responded to a community member’s post regarding whether the development team would burn SHIB and BONE tokens after the hard fork. Shytoshi Kusama clarified by saying, ‘No. Burn Shib. Period.’</p>
<p>The amount of BONE collected for SHIB burning on Shibarium has now reached 1.35 million BONE, with a value of over $1.2 million. The community is anticipating a significant SHIB burning event that will contribute to reducing the circulating supply of tokens in the Shiba Inu ecosystem, positively impacting token prices.</p>
<p>On December 4th, the Shiba team burned 8.24 billion SHIB tokens worth $75,000 as part of the Shibarium burn. Additionally, as reported by developer Kaal Dhairya, the team plans to increase burning capacity through a new burning mechanism.</p>
<h2 id="strong-will-shib-reach-0-01-strong"><strong>Will SHIB Reach $0.01?</strong></h2>
<p>Shiba Inu’s burning mechanism is expected to burn trillions of tokens and propel SHIB to $0.01. This week, SHIB, BONE, and LEASH experienced double-digit gains with significant burns and new developments.</p>
<p>The SHIB price increased by 2% in the last 24 hours and is currently trading at $0.0000102. The 24-hour low and high values are $0.0000099 and $0.0000104, respectively. BONE and LEASH tokens are trading lower at $0.89 and $348, respectively, as the team is only burning SHIB tokens.</p>
<p>The post <a rel="noopener noreferrer nofollow" href="https://en.coinotag.com/shiba-inu-leader-addresses-burning-of-shib-and-bone-tokens/">Shiba Inu Leader Addresses Burning of SHIB and BONE Tokens!</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://en.coinotag.com">COINOTAG NEWS</a>.</p>
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Shiba Inu Leader Addresses Burning of SHIB and BONE Tokens!

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