Shiba

Richard

Shiba Inu

Lola

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The X account of the Shibburn tracking platform has addressed the SHIB community, citing recent comments made by SHIB fans under a post by <a href="https://u.today/binance-ceo-delivers-key-bitcoin-etf-fact" rel="noopener noreferrer nofollow">Richard Teng, the chief executive officer of Binance</a>.
In those comments, SHIB army members asked the Binance boss to start burning Shiba Inu tokens.
<blockquote>
 Imagine <a href="https://twitter.com/binance?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@Binance</a> burning from the <a href="https://twitter.com/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SHIB</a> trading fees just like they do for LUNC. Could it happen? 🤔 <a href="https://t.co/am2EMIQMU4" rel="noopener noreferrer nofollow">https://t.co/am2EMIQMU4</a>— Shibburn (@shibburn) <a href="https://twitter.com/shibburn/status/1810737834124529942?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 9, 2024</a>
</blockquote>
<h2 id="richard-teng-faces-shib-burn-requests">Richard Teng faces SHIB burn requests</h2>
Several SHIB fans and activists addressed Teng under his tweet dedicated to spot Bitcoin ETFs and overall high interest in Bitcoin, asking him to order that the Binance team is beginning to burn Shiba Inu meme coins.
They referred to Binance already burning LUNC tokens using their proceeds from trading fees, suggesting that the same could be done with SHIB. Binance has been helping to burn LUNC since 2022 to help revive the Terra Luna Classic (LUNC) project after the tremendous crash it faced that year.
<blockquote>
 Can you please burn some <a href="https://twitter.com/hashtag/SHIB?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#SHIB</a> from the revenues you receive from trading fees ? You do this to LUNC and perhaps you can also do this to SHIB— Lola (@CryptoLollla) <a href="https://twitter.com/CryptoLollla/status/1810587322121146478?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 9, 2024</a>
</blockquote>
As for the readings of the daily SHIB burn rate, according to Shibburn, in the last 24 hours, this indicator has demonstrated an increase by 355.31%. This happened thanks to a total of 28,256,594 SHIB being burned in 11 transactions.

Binance CEO Faces SHIB Army's Pleading to Start Burning SHIB, Here's Why

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