Shiba Inu burn: Removal of millions of SHIB coins drives meme | https://t.me/Doge_ShibaInu

Shiba Inu burn: Removal of millions of SHIB coins drives meme hype

Shiba Inu (SHIB) lead developer Skytoshi Kusama has revealed “there will be burns” for the meme crypto coin. The SHIB lead developer also revealed that the burns are coming “from the game period” referring to SHIB Eternity, the SHIB strategy card game.

Kusama sees the game as a potential enabler of SHIB burning. On 20 September, more than eight million SHIB tokens were burnt. The idea behind crypto burns is to increase the value of the token as its circulation supply declines. The tokens are then sent to a wallet address that cannot be used for transactions other than receiving the coins. According to CoinMarketCap, SHIB was trading up 3.46% at $0.0000109 earlier on 22 September 2022, though the coin has spent the past month on a downwards trend.

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@Doge_ShibaInu