Shiba Inu: Shibarium To Burn 10 Trillion SHIB in January 2024?
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Shiba Inu: Shibarium To Burn 10 Trillion SHIB in January 2024?
SHIBA
Will Shiba Inu (SHIB) rally after the automated burns?
Shiba Inu (SHIB) fans might be in for a treat as the project’s Shibarium network will begin to automate token burning in January. The automated burns will bid farewell to manual token burning. However, SHIB fans and investors are curious about how many tokens the Shibarium network would incinerate.
Also Read: Shiba Inu: How High Can SHIB Rise In January 2024?
According to some rumors, the network may burn trillions of tokens yearly. Shiba Inu (SHIB) influencer and team member “Lucie” had said the project could burn 111 trillion tokens yearly. Going by that estimate, we may see almost 10 trillion SHIB tokens being removed from circulation every month.
However, the team has not confirmed how many tokens Shibarium may burn.
Will Shiba Inu (SHIB) rally after the automated burns?
Shiba Inu (SHIB) is one of the most popular cryptocurrencies in the market. However, the dog-themed crypto has faced a sharp 10% correction in the last 24 hours and consequently gained a zero after its decimal point, which it struggled to delete towards the end of 2023
