- The popular meme coin, which consistently makes headlines with its massive burns, seems to set its sights high when it comes to burning.
The community’s favorite meme cryptocurrency Shiba Inu (SHIB) Its developers are constantly working to bring new and innovative projects to the SHIB community, which wants constant and big burns to happen. Shiba Inu burnsremains a hot topic among the SHIB community, who want to see the tokens removed from circulation reach trillions.
SHIB BPP, a community-focused Twitter account of the Shiba Inu, reaffirms a hypothesis made by the official SHIB Discord channel moderator, SHIBQueenie, who claims that at least 111 trillion SHIB could be burned within 12 months. drew attention.
“I feel like bigger burns are coming to SHIB. 🔥🔥 Shibarium will pave the way for burns with its availability!”
this is @SHIBQueenie estimate and does not include community burns, burn projects such as the Burn portal, or other #SHIB burns that have yet to be announced 🔥🔥 pic.twitter.com/ubB0JBDUhe
— $SHIB BPP (@ShibBPP) August 21, 2022
ShibaSwap 2.0It is estimated that ‘ and the soon-to-be-released Layer-2 Shibarium will play a key role in Queenie’s idea of burning trillions of SHIBs. SHIB Discord moderator also shibariumHe predicted that DApps in . could enable the local ecosystem to burn trillions of SHIB tokens in the coming months.
In addition to these, SHIB Metaverse Shiba Inu LandThe renaming will also have the potential to burn billions of SHIBs. The beta launch of Shibarium is expected to take place in the third quarter of 2022.
Of course, these burns don’t include the few other incineration attempts that currently remove the millions or even billions of SHIBs burned in weeks. According to the Shibburn Twitter account, more than half a billion SHIB tokens were sent to dead wallets in the last week alone, adding to the billions of SHIB tokens burned since the beginning of August.
SHIB burns require a “true community effort”
Making a statement about the SHIB burnings last month, Shiba Inu lead developer Shytoshi Kusama stated that “true community effort” is needed to cremate trillions of Shiba Inu, and claimed that the project is working towards this goal on multiple fronts. Despite the efforts, the developer acknowledges that this may take some time and hopes the timing is perfect.
The Shiba Inu continues to gain more users with the number of owners currently at 1,210,688 according to WhaleStats data. At the time of writing, SHIB is trading at $0.0000129, down 2%.
You can follow the current price action here.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.