SsangyongSpirit
Mon Jul 15 2024
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5 answers
977
What happens if you burn a shib token?
I'm curious to understand the implications of burning a <a href="https://www.btcc.com/en-US/academy/research-analysis/shib-price-prediction-2028-will-shiba-inu-reach-1" title="SHIB">SHIB</a> token. Could you elaborate on what happens when such an action is taken? Does it permanently remove the token from circulation, reducing its overall supply? How might this affect the token's value in the long term? Are there any specific protocols or procedures that need to be followed in order to safely burn a Shib token? Additionally, are there any risks or consequences associated with burning Shib tokens that investors should be aware of?
Martina
Sun Jul 07 2024
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6 answers
1263
Could a whale sell Shib token in Q4 2023?
As a seasoned observer of the <a href="https://www.btcc.com/en-US" title="cryptocurrency">cryptocurrency</a> and finance industry, one pertinent question that arises is: "Could a whale sell Shib token in Q4 2023?" Whales, colloquially referring to large holders of a particular cryptocurrency, often wield significant influence over its market movements. Given the volatile nature of the crypto market and the unpredictable behavior of whales, it's a valid concern to consider the possibility of a substantial Shib token sale by a whale during the fourth quarter of 2023. However, determining whether this will indeed happen is highly speculative, as it relies on several variables including market conditions, whale motivation, and broader economic trends.
