SHIB Major Event! Over 1 billion tokens burned in one hour, the market is shocked!
Friends holding SHIB, take a look! In just one hour, over 1 billion SHIB tokens were burned! This event has caused a stir in the meme coin community, and everyone is pondering what impact this will have on SHIB and how its future price will behave.
Specifically, in the past 24 hours, the burning rate of SHIB has soared, increasing by 2050 times, with a total of over 1.2 billion SHIB tokens permanently removed from circulation.
Among them, there is a mysterious wallet that was particularly aggressive, burning over 1 billion tokens in one go. There were also several other large transactions that contributed to the burning.
The 'big boss' of SHIB, the mysterious developer Shytoshi Kusama, has a big dream of pushing SHIB into the top five cryptocurrencies by market cap. It’s important to note that SHIB is currently hovering around the fifteenth position, so this dream is no small feat. He also shared a picture, saying that SHIB is like a warrior challenging itself in chaos, aiming to transform from a small meme coin into a major player in the crypto space. Although they may not have much money, they plan to make a strong push within five years.
What are the benefits of this event for SHIB? Burning tokens means there will be less circulating SHIB, which could make it more scarce, increasing the likelihood of a price rise in the future. Additionally, with Kusama’s goal of making SHIB more valuable—not just relying on internet memes—this may attract more people to believe in and invest in SHIB.
Overall, the fans of Shiba Inu coin are highly enthusiastic, and this burning event is a reflection of their passion. Kusama aims to take SHIB to new heights, and he has been working hard towards that goal. Therefore, the story of Shiba Inu coin remains quite captivating in the cryptocurrency world.
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