Shiba Inu Intensifies Token Burns: Over 8 Billion SHIB Incinerated
The Shiba Inu team has escalated SHIB token burns, recently incinerating over 8 billion tokens, contributing to a total of over 33.8 billion burned in December.
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The Shiba Inu team has escalated SHIB token burns, recently incinerating over 8 billion tokens, contributing to a total of over 33.8 billion burned in December.
Shiba Inu team educates community on effective SHIB token burns, emphasizing strategic timing and network participation.
Delayed SHIB token burns lead to community frustration, with unclear future timelines and possible impact of external factors.
Following a record burn of over 8.3 billion tokens, Shiba Inu's burn rate has soared by an unprecedented 7,686,774.46%, coinciding with a wider upsurge in the cryptocurrency market.
BNB’s price failed to react to the exchange’s latest token burn.
BONK saw significant loss in its value after the burning event.
The Ethereum (ETH) burn was implemented with the EIP-1559 and since then, thousands of ETH have been burned and taken out of circulation.
Token Burning is simply removing or destroying a reasonable amount of a project’s total supply.
Based on the price of BNB and the number of blocks generated on BSC during the quarter, the BNB auto-burn mechanism automatically modifies the amount of BNB to be burned.