Shiba Inu Burn Rate Explodes 7,240% With 1.1 Billion Tokens Burned In 24 Hours, What’s Driving It?
this Shiba inu combustion rate In just one day, I experienced a huge excitement and suffered amazing 7,240 %. This huge surge has caused more than 1.1 billion token to delete from the loop, which effectively reduces A large supply of tokenEssence The sharp growth of the latest chip burning has also attracted the attention of the encrypted market, focusing on the factors that promote the potential impact of such a large surge and its potential impact on coins.
What has promoted the surge in voluntary INU combustion rate
Shibburn is a symbolic burning tracker, Report Large amount 7,240.75 % Improve the volunteer INU combustion rate In the past 24 hours. Surprisingly, this huge token combustion has caused about 1,104,706,719 Shibling cords from the cycle.
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It is worth noting that the driving force behind this huge wet carving burns is considered a wallet. This anonymous wallet address, OX6D0CF1F … Responsible For more than 95 % of North India Hanoi burned, more than 95 % of people burned, and about 1,000,148,675 wet towels were sent to the dead wallet.
Since then, another address has launched 100,000,000 shot burn, which promotes Large burn activityEssence These comprehensive efforts of Shiba Inu and community members have greatly affected Cycle of wet bone supplyIt increases the possibility of rising coin prices.
Generally, the purpose of executing token combustion is to increase scarcity and It is possible to increase the value of token over time. Since its establishment in 2020, it has burned a total of 41.074 trillion IB agent tokens since the initial supply of US $ 9.99988 trillion.
At present, the total supply of this coin is 5.892 trillion yuan, which reflects its original quantity decreased by 41 %. This reduction occurred in less than 5 years. This is an important milestone Shiba inu ecosystemEssence If the combustion rate continues to soar, it may lead to further deflation of the supply, which may lead to The goals of many members of the Shiba Inu communityThat is to increase the value of the coin to more than $ 1.
The decline in the price of Shitai is considered a golden opportunity
Although the combustion rate of Shiba INU has increased, its price has not been affected, and even decline In the past week, more than $ 8.3 %. The theme Formation coin crash From previous heights higher than $ 0.00002 to $ 0.0000186.
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Although Shiba Inu is facing this trend of losses, encrypted analyst Shib Bezos owns Protruding Important Purchase opportunity During this time, investors can use it. Analysts suggested that at some time, Shiba Inu will be surpassed, and the seller will eventually become “exhausted”, which will lead to one The price of the increase of the coinEssence Before this growth, Shib Bezos urged investors to use DIP opportunities to purchase more Shib tokens at discount prices, and the long -term growth potential of HODL was about 5-10 years.
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