#ShibaInu 5,000% Burn Increase

📣 the price may rise

The Shiba Inu (SHIB) community has intensified efforts to reduce the token supply, with the burn rate skyrocketing over 5,000% in the last day, according to U.Today. A total of 61,468,595 SHIB tokens were permanently removed from circulation during this period, with a single transaction accounting for 80.95% of the burn activity. This transaction, executed by an unidentified wallet, burned 48,266,929 SHIB, while smaller burns of 6,008,171 and 3,938,558 SHIB followed.

Lucie, a prominent figure in the SHIB marketing team, encouraged the community to remain patient and focus on long-term growth within the blockchain sector. She advised against making substantial investments unless one has significant financial resources, recommending instead that individuals pursue their passions and remain resilient in the face of negativity.

On the price front, Shiba Inu experienced notable fluctuations. The token's value rose by 7.5% in 24 hours to reach $0.00002652 but then fell by 4.3% to $0.00002539. Throughout the week, SHIB saw a 12% increase, highlighting the characteristic volatility of meme-based cryptocurrencies. Despite price swings, the SHIB community continues to drive supply reduction efforts through aggressive token burns, demonstrating their commitment to the project's long-term vision.

#shiba⚡ $SHIB

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SHIB

0.00003187 💰