Shiba

Token

Burn

Shiba Inu

<ul class="news-points">
 <li>SHIB Burn Rate reaches 530% as SHIB community sees massive token burn creating optimism for a price increase.</li>
 <li>Lead Developer of Shiba says revenue from the game will be used to further reduce SHIB supply.</li>
 <li>Analysis suggests that broader market sentiment and investor behavior will also impact SHIB price.</li>
</ul>
Shiba Inu (SHIB) is experiencing a surge in interest as its token <a href="https://www.shibburn.com/" target="_blank" rel="noopener noreferrer nofollow">burn rate skyrocketed</a> 530% in the past 24 hours. This significant reduction in circulating supply, coupled with recent announcements from the project’s lead developer, has fueled optimism among SHIB investors about a potential price increase.
Burning tokens strategically reduces a cryptocurrency’s overall supply, which can theoretically increase prices due to increased scarcity. The Shiba Inu community has been a strong proponent of this method for managing supply, and their efforts have resulted in the burning of a significant 410 trillion SHIB tokens to date.
Adding to the momentum, Shiba Inu’s lead developer, <a href="https://coinedition.com/shiba-inu-developer-achieves-1-million-followers-on-x-joins-crypto-elite/" rel="noopener noreferrer nofollow">Shytoshi Kusama</a>, recently revealed plans to utilize revenue generated from in-app purchases within the Shiba Eternity Web3 game to further support SHIB and LEASH token burns. This anno…
The post <a href="https://coinedition.com/shiba-inu-token-burn-surges-530-igniting-investor-optimism/" rel="noopener noreferrer nofollow">Shiba Inu Token Burn Surges 530%, Igniting Investor Optimism</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Shiba Inu Token Burn Surges 530%, Igniting Investor Optimism

Coin Edition

Інші статті, опубліковані 21 черв. 2024 р.

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