According to Fool, Shiba Inu’s only chance of hitting a $1 dollar valuation is if major coin burns take place . Currently there are 549,000,000,000,000 SHIB tokens circulating in the market.
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SHIB fans continue to push big sums of Shiba Inu meme crypto tokens from circulation using the technology of so-called “token burns.” Since the beginning of last week, a total of around 2.2 billion SHIB have been incinerated.
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3. Massive SHIB Burn Incoming as Shiba Inu Prepares to Advance Into Trillion-Dollar Metaverse. Token/coin burning is becoming increasingly popular among crypto projects. When coins are burnt, they are either destroyed or removed from circulation, thus reducing the supply .
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has started testing the burn portal developers announced last month. By burning the tokens, the supply is reduced, effectively making Shiba Inu deflationary. According to a website which tracks the burning of Shiba Inu, over 410 trillion tokens have been burned so far .12 Mar 2022
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Shiba Inu Burning: ShibArmy Burns 1.3 Billion SHIB in January.1 Şub 2022
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3. Massive SHIB Burn Incoming as Shiba Inu Prepares to Advance Into Trillion-Dollar Metaverse. Token/coin burning is becoming increasingly popular among crypto projects. When coins are burnt, they are either destroyed or removed from circulation, thus reducing the supply .
Read moreHow much does a Shiba Inu burn?
Today, i.e. 15 February, gaming platform @317_key is set to burn approximately 500 million Shiba Inu tokens through one of its mobile phone games, Bricks Buster. Per the platform’s tweet, the exact number of SHIB set to be burnt today is 415.555 million .15 Şub 2022
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