Shiba Inu Price Readies for Rally After 410 Trillion SHIB Burned to Date
Shiba Inu recently implemented a rigorous token burn campaign, leaving the SHIB army ecstatic but can it aid a price recovery from the lower support levels as hoped. Despite their bearish undertones, meme tokens often carve their niche in the crypto market by pushing gains and charting rallies.
SHIB HODLers have been dreaming of price gains since Aug. 15, when the meme token saw close to 45% gains in just four days. Last week, after Shiba Inu’s pseudonymous founder and lead developer, Shytoshi Kusama, made the announcement of an aggressive token burn campaign investor eyes once again gleamed with the hopes of an incoming rally. Up until Sept. 22, more than 410 trillion SHIB have been burnt in total from the initial supply which accounts for over 41% of the maximum total supply to date.
Source
@Doge_ShibaInu
