The Expected Burning Announcement of Meme Coin Came: 8.2 Billion Giant Burning Has Been Completed!

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In an unexpected move on the Shiba Inu network, 8.2 billion SHIB tokens worth approximately $76,000 were burned. This means that these tokens are gone forever and will not be included in the offering. This event caused a positive reaction from many people in the cryptocurrency world, especially those who love SHIB. happened.

Shiba Inu is also known as a meme coin that has been growing rapidly since August 2020. The asset, published by someone named “Ryoshi,” is taking steps beyond being a meme coin. At first people thought it was just for entertainment purposes and similar to Dogecoin, but the asset quickly became popular. SHIB is a special type of digital currency that runs on the Ethereum system, which is like a large, secure computer network. It is part of a group that includes other digital currencies and even its own marketplace called ShibaSwap.

Shiba Inu is trying to stay strong in a possible bull market by continuing its burns regularly. However, the community’s expectation is still a much higher cremation rate. The ultimate goal of the burns is to reach $0.01.

Currently, SHIB price is at $0.0000099. It has to go up a lot to reach 1 cent or 10 cents. The world of digital currency can change quickly, and sometimes prices can skyrocket due to good news, more people using it, or endorsements from famous people.

  • Change in 24 hours: Up 10.12% with an increase of $0.00000091.
  • High in 24 hours: $0.00001024.
  • Lowest in 24 hours: $0.00000892.
  • Amount Transacted in 24 Hours (SHIB): 18,701,899,171,618.00
  • RSI (Strength Indicator): 75


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