Shiba inu coin news The Shiba Inu community is thriving as they persist in demonstrating their steadfast dedication to lowering the total amount of tokens in the ecosystem. They want to increase the value of SHIB by inducing a decrease in its supply through their aggressive token-burning mechanism, known as the “Shiba Army.”
An astounding 305.77 million SHIB tokens have been destroyed by the Shiba Inu community in the past week alone, with 19 million of those tokens burning in the previous day alone. Investors have taken notice of this unrelenting burning spree, which has also gained a lot of attention in the cryptocurrency community.
Over 27 million SHIB tokens entered the dead wallet in six transactions, continuing a recent trend of burning transactions. The amazing sum of burned tokens was increased by one wallet in particular, which burned a staggering 15 million tokens in a single transaction.
That’s not all, though. A whale by the name of BlueWhale0073 has been accumulating a significant amount of SHIB tokens, which is another occurrence that has caught investors’ interest. With just two trades, this whale amassed an astounding 311,998,734 SHIB tokens. The whale spent an astounding $3,325,906 to collect all of these tokens.
The Shiba Inu community’s burning spree has been unrelenting, and they have no intention of stopping in their quest to lower the supply of tokens and increase the value of SHIB. One thing is certain as the crypto community impatiently awaits the Shiba Army’s next move: the Shiba Inu burn is scorching hot, and investors are keeping a close eye on this unusual occurrence. We hope you like Shiba inu coin news
