Shiba

Shiba Inu

<p>Shiba Inu marketing lead, <a href="https://bitcoinist.com/shiba-inu-to-make-miracle-recovery-to-new-ath/">Lucie</a> has made a cryptic announcement to the SHIB community, indicating that something “special” was set to take place and highlighting the potential for more <a href="https://www.newsbtc.com/news/shiba-inu-coin/shiba-inu-0-001-9-25-trillion-shib/" rel="nofollow noopener" target="_blank">SHIB token burns</a>.</p> 
<h2 id="exciting-surprise-ahead-for-shiba-inu">Exciting Surprise Ahead For Shiba Inu</h2> 
<p>In a recent X (formerly Twitter) <a href="https://x.com/lucieshib/status/1807765365562179585f?s=46" rel="nofollow" target="_blank">post</a>, Lucie teased about a major surprise set to commence in the <a href="https://www.newsbtc.com/news/shiba-inu-coin/shiba-inu-ecosystem-soars-shibarium-hits-crucial-milestone/" rel="nofollow noopener" target="_blank">Shiba Inu ecosystem</a>. While she left out considerable details about this special event, Lucie disclosed that she was working closely with <a href="https://www.newsbtc.com/news/shiba-inu-coin/shiba-inu-lead-developer-unveils-shibacals-advancing-shibarium-development/" rel="nofollow noopener" target="_blank">Shibacals Collaboration Studio</a> to make the exciting surprise happen.&nbsp;</p> 
<p>Shibacals is a studio that produces and delivers quality merchandise and authenticates collectibles for global Web3 companies. Considering the studio’s services, it is possible that Lucie’s special news may involve utilizing Shibacal’s merchandise to facilitate <a href="https://www.newsbtc.com/news/shiba-inu-coin/shiba-inu-price-soars-10-in-reaction-to-explosive-2367-shib-burn-surge/" rel="nofollow noopener" target="_blank">token burns</a>.&nbsp;</p> 
<p>In her post, Lucie also urged <a href="https://bitcoinist.com/shiba-inu-team-critical-warning/">Shiba Inu community members</a> to get ready for a substantial SHIB burn. While she did not explain exactly how the Shiba Inu team plans to <a href="https://www.newsbtc.com/news/shiba-inu-coin/shiba-inu-9-35-billion-shib-burn/" rel="nofollow noopener" target="_blank">burn SHIB tokens</a> in collaboration with Shibacals, a large-scale burn will grossly reduce the significant supply of Shiba Inu tokens.</p> 
<p>A token burn is a process executed to permanently remove a specific number of tokens from circulation. This is usually achieved by sending tokens to a unique address called a burn address or a <a href="https://www.newsbtc.com/news/shiba-inu-coin/111-million-shib-enter-dead-wallet-in-24-hours-here-are-the-details/" rel="nofollow noopener" target="_blank">dead wallet</a>. Token burns are often performed to significantly reduce the supply of a cryptocurrency, inducing scarcity and potentially leading to an <a href="https://www.newsbtc.com/news/shiba-inu-coin/shiba-inu-sees-a-whopping-48000-increase-in-the-shib-burn-rate-whats-next/" rel="nofollow noopener" target="_blank">increase in its value</a>.&nbsp;</p> 
<p>Despite withholding information on the upcoming surprise, many Shiba Inu community members took the marketing lead’s teasing in good form. A few members have <a href="https://x.com/nikilogoreci/status/1808275092889031131?s=46" rel="nofollow" target="_blank">inquired</a> about the amount of SHIB tokens the marketing team intends to burn. Others have <a href="https://x.com/kurt87601/status/1808118289001783373?s=46" rel="nofollow" target="_blank">shown</a> their enthusiasm for the impending burn, suggesting their readiness for the event.&nbsp;</p> 
<h2 id="shib-burn-momentum-continues-in-july">SHIB Burn Momentum Continues In July</h2> 
<p>Lucie’s hint at an impending <a href="https://www.newsbtc.com/news/shiba-inu-coin/shiba-inu-sees-a-whopping-48000-increase-in-the-shib-burn-rate-whats-next/" rel="nofollow noopener" target="_blank">SHIB burn</a> comes as great news to the community, poised to add to the substantial amount of tokens burnt this July. <a href="https://x.com/shibburn/status/1807625656106205221?s=46" rel="nofollow" target="_blank">Reports</a> from Shibburn, a Shiba Inu token burn tracker, have revealed that unidentified users have burnt a staggering 290,434,205 SHIB. Shibburn disclosed that the tokens were sent to a dead wallet and conducted in a single transaction.</p> 
<p>The cumulative <a href="https://www.newsbtc.com/news/shiba-inu-coin/shiba-inu-8-billion-shib-burned/" rel="nofollow noopener" target="_blank">SHIB burn rate</a> is up by 8,596.57%, <a href="https://www.shibburn.com/" rel="nofollow noopener" target="_blank">pushing</a> the total SHIB tokens burnt from its initial supply to over 410.7 trillion SHIB. Shiba Inu’s maximum total supply is about 999 trillion tokens, however now its circulating supply has dropped down to approximately 589.2 trillion.&nbsp;</p> 
<p>In June, over 918 million SHIB, worth about $15,901 at the current exchange rate, were <a href="https://x.com/shibburn/status/1807625656106205221?s=46" rel="nofollow" target="_blank">burnt</a> across 237 transactions. This <a href="https://www.newsbtc.com/shiba-inu/shiba-inu-burn-rate-volume/" rel="nofollow noopener" target="_blank">momentum has poured into July</a>, as Shibburn continues to record multiple daily token burns.&nbsp;</p> 
<img loading="lazy" decoding="async" class="size-medium" src="https://www.tradingview.com/x/LJdBmdqt/" alt="Shiba Inu price chart from Tradingview.com" width="3286" height="1576">

Shiba Inu Marketing Lead Says Something Special Is Coming – Here’s What We Know

Table of Contents

Bitcoinist

Autres articles publiés le 3 juil. 2024

Change Your Life for Good With These Two Tokens Shiba Inu & Mpeppe (MPEPE)

Fastex Redefines Web3: Harmony Meetup V Highlights Largest Event Yet

As Bitcoin recovers, are analysts predicting a ‘relief rally’ ahead?

Bitcoin miner Genesis Digital Assets eyes IPO in US: report

New Cryptocurrency Releases, Listings, & Presales Today – Zeta, Nigella coin, Cryptopia

Shiba Inu Remains Resilient as the Meme Coin Rush Continues and Shibarium Grows

Join our free newsletter for daily crypto updates!