🔥 Shiba Inu Burns Surge by 7,500% in a Week: Is SHIB Set for a Massive Rally? 🔥
In a dramatic turn of events, Shiba Inu (SHIB) has captured the crypto spotlight, with nearly 2 billion SHIB tokens burned in just one week—marking a staggering 7,418% increase in the burn rate. This impressive milestone has fueled optimism among investors as SHIB inches closer to its annual highs.
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🚀 Weekly Burn Milestone for Shiba Inu
The official SHIB burn platform, Shibburn, announced on social media platform X that nearly 1.937 billion SHIB tokens were removed from circulation in the week leading up to November 30.
Total Burn: Over 2.15 billion SHIB tokens incinerated in the last 7 days.
Daily Impact: A jaw-dropping 386.5 million tokens burned within 24 hours.
These numbers demonstrate the community’s unwavering commitment to reducing SHIB’s massive supply, reinforcing investor confidence.
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💡 How Token Burns Impact SHIB’s Price
Token burning reduces supply, increasing scarcity and applying upward pressure on prices. This strategy is particularly critical for meme tokens like SHIB, which started with a circulating supply of 1 quadrillion tokens.
With consistent burns, the Shiba Inu ecosystem aims to boost its long-term value. To date, over 589.26 trillion SHIB tokens remain in circulation—a figure significantly trimmed from its original supply.
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🌟 Shytoshi Kusama’s Vision
Shiba Inu’s lead developer, Shytoshi Kusama, emphasizes that burns alone won’t guarantee SHIB’s success. To truly thrive, SHIB must integrate utility and viral adoption into its ecosystem.
📈 Shiba Inu Price Update
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