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SHIB Burns Soar 1,155% As 15,161,271 SHIB Disappears Forever
In a shocking turn of events, the Shiba Inu (SHIB) community has collectively burned an astonishing 15,161,271 SHIB tokens, resulting in a weekly burn rate that is deep in the red zone: minus 93.38%. This monumental effort not only breaks previous records but also demonstrates the unwavering commitment and dedication of the SHIB community to drive up the token’s value by reducing its supply.
According to recent reports, Whale Alert detected an enormous withdrawal of SHIB tokens from Kraken, amounting to a staggering $20,136,020. However, further investigation revealed that this massive transfer was actually sent back to Kraken, indicating that the SHIB community has taken matters into their own hands and is working tirelessly to reduce the token’s circulating supply.
This monumental effort has led to an unprecedented 1,155% increase in burns, with a total of 75,298,908 SHIB tokens being burned. The implications of this action are far-reaching, as it not only reduces the token’s overall circulation but also sends a powerful message to the crypto market that the SHIB community is united and determined to drive up its value.
As the SHIB community continues to work together in harmony to achieve their goals, one thing is clear: their unwavering dedication has set a new standard for decentralized efforts and will undoubtedly have a lasting impact on the cryptocurrency landscape.
Source: https://u.today/shib-burns-soar-1155-as-15161271-shib-disappears-forever
