SHIB Dream NFT nearly 550 million this month Shiba Inu It burned tokens and became one of the projects that managed to attract attention. Data shows that half a million SHIB tokens have been removed from circulation on Shibarium in the last 14 days. This represents the highest number of cremations carried out so far in November.
SHIB Dream NFTs are built on the Shibarium layer-2 solution, providing use cases to users on the network. A representative from the Shiba Inu team also thanked the project for its contribution to the cremations. did.
Many projects will be completed in 2023 Shibarium It continues to burn SHIB tokens regularly on the Layer-2 network. This move allows Shibarium to keep its network active and full of developments, collecting transaction fees and at the same time engaging in burn attempts.
#Shibarium Projects β₯οΈ$SHIB BURNS https://t.co/Q9OXhl3QSX
NEWS CONTINUES BELOWβ πππππ | β¨Shib.ioβ¨ (@LucieSHIB) November 7, 2023
While other leading third-party applications continue to burn Shiba Inu tokens, Shibarium has not yet done any burning. The Layer-2 network was unveiled in August this year with a built-in burn mechanism.
Koinfinans.com As we reported, if Shibarium manages to burn trillions of SHIB tokens every year, Shiba Inu has a chance to scale the price sustainably. Therefore, regular giant burns are required for SHIB to reach the $0.01 level. Otherwise, this expectation of meme coin may remain just a dream.