Shiba Inu developers have outlined a plan to reduce the token's supply by buying and burning tokens, relying on community participation. This approach requires a massive user base to effectively decrease the supply.
The strategy focuses on expanding the SHIBARIUM ecosystem, attracting millions of daily users. As adoption grows, so do opportunities to burn more SHIB tokens, potentially boosting the token's value.
Recent data shows a 38.79% surge in SHIB burn rate, with 14,179,654 tokens removed from circulation in 24 hours. This upward trend demonstrates the community's commitment to reducing supply.
Shiba Inu's marketing lead, Lucie, emphasizes the importance of collective action: "It's all about growing the community and letting the system do its magic!"
Current market data:
- Price: $0.00001378
- Market cap: $8.12 billion
- 24-hour trading volume: $101.61 million
The community's burn efforts have sparked optimism, anticipating a potential price surge.
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