Shiba Inu (SHIB) is one of the most popular cryptocurrencies in the market. The asset turned many early investors into multi-millionaires. Since its launch in August 2020, SHIB’s price has risen by many million percent. However, the popular dog-themed crypto has struggled to gain momentum...
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Shiba Inu team member Lucie recently discussed the topic of burns. Recently, the token’s founder Ryoshi burned keys to the total SHIB supply. In an X post, Lucie explained the reasoning behind founder Ryoshi’s decision to burn the keys to the asset’s supply.Â
Lucie shared...
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Shiba Inu’s meme counterpart Floki spiked more than 800% in the last 30 days. An investment of $1,000 could have turned into $9,000 in a month if investors brought Floki in February. The price rise comes after Floki Inu developers burned 1 trillion tokens last month. On the other...
According to Shiba Inu (SHIB) team member Lucie, the project will undertake a significant burn soon. Lucie took to X and shared with the SHIB community that the team has collected 40 ETH, worth around $158,200, to purchase tokens for burning purposes.
🔥 $SHIB burns incoming! 40 ETH...
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Shiba Inu is a cryptocurrency that has gained sizable attention in the past few years. As the second-largest meme coin in the cryptocurrency market, Shiba Inu has a total market capitalization of $7.5 billion. The development team behind Shiba Inu has undertaken initiatives such as coin...
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Shiba Inu (SHIB) has witnessed a significant spike in its burn rate. According to Shibburn, 86,015,940 (86 million) SHIB tokens were destroyed in the last 24 hours, pushing the burn rate by 4200.80%. One transaction, in particular, burned most of the tokens, sending over 85 million SHIB to the...
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Shiba Inu has a circulating supply of 549 trillion tokens that’s making its price crawl in the indices. There are simply way too many SHIB tokens that are up for grabs making it a relatively cheaper asset to own. SHIB needs to burn trillions of tokens and make its...
Shiba Inu could reach astonishing new highs in the coming years if its layer-2 network, Shibarium, manages to burn substantial quantities of the meme coin’s supply. Some projections point to potential price targets as high as $0.01 or even $0.001, fueled by a reduction in SHIB’s circulating...
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Shiba Inu, the widely recognized meme coin, recently underwent a three-day decline, reflecting the overall sentiment in the broader market. Despite this period of decline, the coin demonstrated a modest recovery, accompanied by an enhancement in its burn rate. As of the latest update, Shiba Inu...
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In a notable achievement for the Shiba Inu community, the development team has formally declared the initiation of the eagerly awaited automated SHIB token-burning mechanism. This revolutionary feature, in the 11th edition of the Shiba Inu Magazine, will enhance the network’s economic model....
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