SHIB Burns 58 Million Tokens - Price Jumps 6% Despite Drop
Posted: Mon Feb 17, 2025 1:25 pm
Shiba Inu burned another 58 million tokens this week. Is this burn strategy finally starting to have a real impact on price, or are we seeing short-lived pumps followed by inevitable dips? With over 410 quadrillion SHIB already burned, how much more needs to be removed from circulation to see substantial, sustained growth? Is the community's focus on burning enough, or are other factors like utility and adoption more crucial for long-term success? I'm curious to hear your thoughts – is SHIB’s burning strategy a winning game plan or a desperate attempt to artificially inflate the price? Let’s discuss the future of SHIB and the potential of burning mechanisms in the crypto world. What’s the magic number of burned tokens that could propel SHIB to the moon, and is it even achievable?