Major alert: More than 770 billion SHIB coins evaporated strangely
Big news came out in the SHIB community, and everything was shaking! 770 billion SHIB tokens were destroyed on a large scale, so some people would wonder, what does this mean for the future of SHIB?
A total of 770 billion SHIB tokens were destroyed, reducing the total supply. This may have a significant impact on the price and future of Shiba Inu, and this destruction lays the foundation for the surge in SHIB price changes.
Recently, Lucie, the marketing director of SHIB, revealed important facts about the SHI stablecoin on X. The enthusiasm of Shiba Inu pushed the price of SHIB up by more than 13% after the news broke.
The SHI stablecoin improves the stability and availability of the Shibarium blockchain network.
Lucie said that the SHI stablecoin is an important development in the Shib ecosystem, which is currently in preparation and has not yet been released. Enhance the Shibarium network, a layer 2 blockchain that is expected to speed up and expand Shiba Inu transactions. Ryoshi, the unknown creator of SHIB, launched SHI in 2021.
SHI is Shibarium's reliable decentralized currency. The price stabilization mechanism for the stablecoin is currently under development, but it will initially be fixed at $0.01. Lucie described the potential benefits of the SHI stablecoin to the Shiba Inu ecosystem, providing a stable value that consumers do not need to worry about cryptocurrency issues.
