Cryptocurrency Q&A
Is Shiba burning coins?
Is Shiba burning coins?
CryptoNerd
Thu Jun 13 2024
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6 answers
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I don't understand this question. Could you please assist me in answering it?
6 answers
Raffaele
Sat Jun 15 2024
The official X account of Shiba Inu revealed that the burns have involved SHIB coins worth nearly 200 ETH, indicating the significant value of the coins being destroyed.
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SsangyongSpiritedStrength
Sat Jun 15 2024
Since the introduction of Shibarium, the team has demonstrated its commitment to reducing the supply of SHIB coins.
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WhisperVoyager
Sat Jun 15 2024
Over the course of five burns, the team has incinerated a total of 43 SHIB coins, significantly reducing their overall availability.
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Sara
Fri Jun 14 2024
The fifth burn, which occurred on January 9, was particularly significant as it eliminated approximately 9.35 billion SHIB tokens from circulation.
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Raffaele
Fri Jun 14 2024
This action not only reduced the supply of SHIB but also likely increased its scarcity and potentially its value in the cryptocurrency market.
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