Lucie, the marketing specialist for the Shiba Inu ecosystem, teases a collaboration with Shibacals that could lead to major SHIB burns.
The Shiba Inu community has been actively reducing SHIB’s supply through burns.
Despite a 96% decrease in the burn rate over the past 24 hours, the upcoming collaboration between Lucie and Shibacals is expected to result in more SHIB being permanently removed from circulation.
In an exciting development for the Shiba Inu community, Lucie, the outspoken marketing specialist for the Shiba Inu ecosystem, has shared an update that could potentially lead to substantial SHIB burns.
The marketing lead revealed that she is currently working on a special project with Shibacals, a venture focused on utilizing blockchain technology to authenticate physical collectibles.
Me & @shibacals are cooking up something special – get ready to see some $Shib burn! #Shibarium #SHIBARMY
— 𝐋𝐔𝐂𝐈𝐄 | SHIB.IO (@LucieSHIB) July 1, 2024
Although Lucie did not provide extensive details about the collaboration, she encouraged Shiba Inu community members to prepare for ‘some SHIB burn,’ generating anticipation among the token’s enthusiasts.
Shiba Inu Community Reacts with Enthusiasm
As expected, Lucie’s statement sparked positive reactions from the Shiba Inu community, with members eagerly inquiring whether the project would result in the incineration of millions or even trillions of SHIB tokens.
The announcement was met with enthusiasm, as community members expressed their anticipation for the upcoming SHIB burn, highlighting the collective desire to reduce the token’s supply and potentially boost its value.
The upcoming burn initiative is expected to further reduce Shiba Inu’s substantial supply of 589.27 trillion tokens, which could potentially increase the value of the remaining SHIB. The Shiba Inu community has been relentless in its efforts to reduce SHIB’s supply through various burn mechanisms.
In addition to the community-driven burns, the SHIB ecosystem team has also been actively involved in the burn campaign, incinerating SHIB using a portion of Shibarium gas fees.
In March, the team initiated its sixth Shibarium-powered burn, successfully destroying 13.4 billion SHIB across two transactions, bringing the total Shibarium-powered burns to an impressive 56 billion SHIB.
Despite the community’s efforts, the cryptocurrency’s burn rate has experienced a significant decrease of 96% over the past 24 hours, with only 203,721 SHIB being incinerated during this period.