Shiba Inu Burns 15.6 Billion SHIB
In March, the Shiba Inu project significantly increased efforts to reduce the circulating supply of its SHIB token, burning over 15 billion SHIB. Led by the development team, these burns aim to create scarcity and potentially increase SHIB's value. Despite a recent slowdown in daily burns and a decline in transactional activity on Shibarium, the project continues to see overall growth in transactions. These efforts align with strategies common in cryptocurrency projects aiming for sustained growth and could impact SHIB's future market performance.
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