See original
Master Crypto 1990
--
Ship is on a growth trajectory, invest now before it's too late
🚨🚨Shiba Inu burns 57 million tokens: SHIB price prediction for 2025 revealed🚨🔥
🔥🚨Shiba Inu burns 57 million tokens: SHIB price prediction for 2025 revealed🚨🔥
Shiba Inu, a leading meme coin, has burned 57.2 million tokens, according to data from Shibburn.com. Although this burn is part of the token's deflationary process, the total value of the burned tokens is only about $1,258 at current prices. With Shiba Inu's massive market capitalization of around $12.9 billion, the immediate impact on its price is very small. Token burns reduce the supply of a cryptocurrency, potentially increasing scarcity and value. However, this small burn indicates that its direct impact on Shiba Inu's price is limited. But the story has more to it.
🔥🚨Shiba Inu burns 57 million tokens: SHIB price prediction for 2025 revealed🚨🔥
Shiba Inu, a leading meme coin, has burned 57.2 million tokens, according to data from Shibburn.com. Although this burn is part of the token's deflationary process, the total value of the burned tokens is only about $1,258 at current prices. With Shiba Inu's massive market capitalization of around $12.9 billion, the immediate impact on its price is very small. Token burns reduce the supply of a cryptocurrency, potentially increasing scarcity and value. However, this small burn indicates that its direct impact on Shiba Inu's price is limited. But the story has more to it.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
221
0
Replies 0
Explore the latest crypto news
⚡️ Be a part of the latests discussions in crypto
💬 Interact with your favorite creators
👍 Enjoy content that interests you
Email / Phone number