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😱🔥SHIB News: Shiba Inu Community Burned 1.69 Billion Coins in April, What's Next?
#ShibaInu , a meme coin that has recently been talked about in crypto town, attracted a lot of attention among crypto market participants when its community recorded that it burned 1.69 billion coins last month.Dec. April This enormous amount of dog-themed meme money caused contrasting emotions to arise among investors, as SHIB showed a Decelerating price trend in April.
Crypto market participants are speculating about the potential price movement of meme coin in the coming period, because the huge amount of coins burned underlines a positive feeling despite the downward movement of meme coin. The broader crypto market has been facing increasing turbulence following the BTC halving, and amid this situation, #SHIB , which has been trending down in recent days, has also been bearing the brunt of this situation.
Shiba Inu Sees Supply of Billions Running Out
According to the data of the follower Shibburn, it was recorded that 1.69 billion SHIBS were burned in April and a total of 204 transactions were recorded. The majority of these tokens were sent to Contract Addresses and caused excitement in the Shiba crypto community.
However, the follower explained that this was not due to a major development. "This is just people making mistakes, sending their tokens to CA and losing their investments as a result," the follower added in a post shared on X.
Although it may seem like a setback for the so-called 'people' who witnessed the disappearances, this date was staged as optimistic news for the Shiba Inu. With the supply also taking a hit, the SHIB token is gradually continuing to kill the oversupply in the market, which increases optimism.
