Shiba Inu Burns Millions of SHIB Tokens, Aiming for Rarity Amidst Price Volatility
Recent data from the Shibburn tracker reveals a significant amount of Shiba Inu (SHIB) meme coins has been permanently removed from circulation.
In the last 24 hours, a combined effort from the SHIB community has successfully transferred 28,709,351 SHIB coins to a dead wallet, making them inaccessible and effectively reducing the total supply.
This was accomplished through six dedicated transactions, with the two largest transfers removing 21,657,489 and 6,824,773 SHIB coins respectively.
This action represents a step towards making Shiba Inu a rarer asset in the cryptocurrency market.
The SHIB army’s initiative to burn these coins demonstrates a commitment to increasing the value of their preferred cryptocurrency by decreasing its availability.
In parallel with the coin burn, the Shiba Inu cryptocurrency has experienced significant price movements.
$SHIB
