LIVEMassive Reduction of SHIB Tokens Confirmed🤯💥📈$🤑🤑🤑
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The Shiba Inu cryptocurrency team has announced a significant reduction in SHIB tokens. Lucie, a marketing specialist, revealed the collection of 40 Ethereum (ETH), valued at approximately $155,720, for burning SHIB tokens.
This reduction is likely linked to Shibarium, a platform burning SHIB tokens since December 2023, removing 43 billion tokens so far. Despite recent increases in network transactions, no further burns have occurred, possibly due to the team awaiting the launch of a special burning portal.
The burning of 40 ETH could potentially remove up to 4.64 billion SHIB tokens from circulation. While this seems small compared to the total supply, it could contribute to sustaining SHIB's growth trend and providing deflation during periods of high demand.
Currently, SHIB has seen a 10.25% increase in the last 24 hours, reaching $0.00003356, with a weekly increase of 160.64% and a 275% increase over the past month.
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