$SHIBba Inu Team Hints At Major Development To Boost SHIB Burn 🔥
by an astonishing 3800%, drawing attention from the crypto community. Notably, the optimism over the skyrocketing burn rate further deepens with a recent cryptic post from the Shiba Inu marketing lead LUCIE. In a recent update, LUCIE suggests an upcoming initiative that could further boost the token burn rate, sparking widespread speculation and excitement among investors.
Shiba Inu Burn Rate Soars Amid Cryptic Tease from Team
The leading meme coin, Shiba Inu Coin has captured the spotlight with a dramatic increase in its burn rate, surging nearly 3800% in a short span. This remarkable uptick aligns with a recent cryptic message from LUCIE, Shiba Inu’s marketing lead.
In a post on the X platform, LUCIE hints at further surge in the SHIB burn rate. Precisely, LUCIE said that development is under process which can enhance the burn rate of Shiba Inu. LUCIE stated:
Shibacals, a platform supported by the Shiba Inu ecosystem, connects real-world assets with NFTs, and its collaboration with LUCIE suggests an innovative approach to burning SHIB. effectively reducing the total supply. This mechanism can potentially enhance the token’s value by creating scarcity.
According to Shibburn, a tracking site dedicated to Shiba Inu burn activities, the token’s burn rate soared 3750.33% over the past 24 hours. A staggering 300.34 million SHIB were taken out of circulation, with one wallet address, “0x7fe…11264,” being particularly noteworthy for its significant contribution.
This wallet alone destroyed 290.43 million SHIB in a single transaction. With the recent burning spree has brought the total number of SHIB tokens removed from the initial supply to 410.72 trillion.A Look At the Price & Market Sentiment
The Shiba Inu community has been actively engaged in efforts to reduce the token’s supply. Recent data from Shibburn revealed that approximately 920 million SHIB tokens were burnt in June across 237 transactions.
