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Crypto: 2 Billion SHIB Burned, A Strategic Turning Point For Shiba Inu?
What if reducing a part of yourself to nothingness was the key to shining even more? This is the bold bet that Shiba Inu is making by destroying 2 billion SHIB tokens in a week. Behind this spectacular fire lies a calculated strategy to redefine the place of this meme coin in the crypto ecosystem. But will this flashy move be enough to transform this popular token into an essential player?
Shiba: A Controlled Burn to Revive Supply and Demand
The concept of burning tokens, as intriguing as it is provocative, is based on a well-known mechanic: to make the supply scarcer in order to increase its value.
Shibburn, the official tracker of SHIB burns, recently revealed a 7,400% increase in the weekly burn rate, amounting to nearly 2 billion tokens removed from circulation.
These tokens, transferred to an inaccessible address, disappear permanently, thus reducing the total supply of the token.
This strategy aims to boost the price of SHIB, currently set around $0.00002593. However, the goal surpasses just a simple price increase: it is also about strengthening the perception of SHIB as an ambitious project, ready to play in the big leagues.
Indeed, at a time when investors are looking for sustainable projects, this massive destruction acts as a strong signal to attract new followers.