๐๐๐๐ฅ๐ฅ๐ฌ ๐๐จ๐ซ ๐๐ ๐ ๐ซ๐๐ฌ๐ฌ๐ข๐ฏ๐ ๐๐ฎ๐ฉ๐ฉ๐ฅ๐ฒ ๐๐๐๐ฎ๐๐ญ๐ข๐จ๐ง๐ฌ๐ซ๐๐
$SHIB $SHIB $SHIB ๐ซThe Shiba Inu (
#SHIB " data-hashtag="#SHIB" class="tag">#SHIB ) community has witnessed a dramatic surge in token burns, with a 300% increase recorded within the last 24 hours. ๐ซ๐ซ๐ซ
๐๐According to Shibburn, a prominent tracker for SHIB transactions, over 24,609,003 tokens were permanently removed from circulation, including two major transfers of 17,220,462 and 4,635,583 SHIB to non-retrievable wallets.๐๐๐
๐ฅThis surge has reignited discussions among the SHIB Army, a passionate group of supporters, who are pushing for even larger burns to potentially eliminate 30% to 90% of the total supply.๐ฅ๐ฅ๐ฅ
๐Over the past week, the SHIB community has burned a total of 89,141,480 tokens, four times the daily average, marking a significant 60.82% increase in the weekly burn rate. ๐
๐ธDespite these efforts, SHIBโs circulating supply remains vast, at approximately 584.18 trillion tokens, with an additional 5.07 trillion tokens staked. ๐ธ๐ธ๐ธ๐ธ
๐ฅThe SHIB team, represented by marketing lead Lucie and lead developer Shytoshi Kusama, clarified that they do not have direct control over the supply and cannot expedite burns manually.๐ฅ๐ฅ๐ฅ
โจInstead, the team emphasized the importance of enhancing Shibariumโs utility, as it plays a key role in burning SHIB through automated mechanisms tied to
#BONE gas fees. ๐โจ
๐๐This strategy aligns with their vision of sustainable growth and long-term value creation. ๐๐๐
๐While token burns are a common method for reducing supply and potentially increasing token value, the communityโs focus on Shibariumโs development could yield significant impacts on SHIBโs future price trajectory. ๐๐๐๐
๐๐ฏInvestors are encouraged to stay informed and monitor these developments closely.๐จ๐จ๐จ
#SHIB " data-hashtag="#SHIB" class="tag">#SHIB
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