🎁🎁🎁Today we have to talk about one big news of Shiba Inu Coin (SHIB)! SHIB, this meme token that was once called the “Dogecoin killer”, recently made a big move. Did you hear? 77 trillion SHIB tokens will soon disappear! This is not a small thing, it will have a big impact on the supply of tokens and their price.🎁🎁🎁
💥💥💥What’s the deal? It turns out that the SHIB development team and the community have come up with a way to reduce the total supply of SHIB. They have developed a destruction process, as if the tokens are being dumped into a “black hole” and can no longer be retrieved. This way, the number of tokens in circulation will decrease, their rarity will increase, and theoretically the price could also increase.💥💥💥
💰💰💰This is not a spontaneous decision, SHIB has been constantly destroying tokens since its inception. But destroying 77 trillion tokens is a big milestone. Although the supply of SHIB is still large, the number of tokens that disappeared at the same time is truly impressive.⭐⭐
👍👍👍This is great news for SHIB investors. If supply decreases and demand remains the same or even increases, won’t the price go up? Of course, investments come with risks, and SHIB’s price is notoriously volatile. So while the token destruction is good news, investors should be cautious.🔥🔥🔥
👊👍👊And yet, the SHIB community is also an important driver of this destruction campaign. They actively participate in various destruction activities, as if trying to help the future of SHIB. This spirit of collective effort is also an important reason why SHIB has reached today.💰💰💰
🤑🤑🤑In addition to token destruction, SHIB is also doing big things. They are developing a series of projects such as the ShibaSwap decentralized exchange, SHIB NFT, and even a plan for the Shiba Inu metaverse. If these projects can be implemented, the utility and long-term success of SHIB will be even more guaranteed.💥💥💥
🍋🍋🍋So, even though SHIB was originally just a meme token, it is now becoming more and more competitive.🍋🍋🍋