15h00 ▪
4
min reading ▪ by
Evans S.
What if reducing a part of yourself to nothing was the key to shining more? This is the bold bet that Shiba Inu is making by destroying 2 billion SHIB tokens in one week. Behind this spectacular fire lies a strategy calculated to redefine the place of this meme coin in the crypto ecosystem. But will this coup be enough to transform this popular token into a key player?
Shiba: Controlled combustion to revive supply and demand
The concept of token burn, as intriguing as it is provocative, is based on a well-known mechanism: making the supply rarer to increase its value.
Shibburn, SHIB's official burn tracker, recently revealed a 7,400% increase in weekly burn rate, representing nearly 2 billion tokens removed from circulation.
These tokens, transferred to an inaccessible address, disappear permanently, thus reducing the total supply of the token.
This strategy aims to boost the price of SHIB, currently fixed around $0.00002593. However, the objective goes beyond a simple increase in prices: it is also about reinforcing the perception of SHIB as an ambitious project, ready to play in the big leagues.
Indeed, at a time when investors are looking for sustainable projects, this massive destruction acts as a strong signal to attract new followers.
When innovation rhymes with ambition
But token destruction is only one piece of the puzzle. Kaal Dhairya, a major figure in the Shiba Inu ecosystem, revealed that semi-automatic burning mechanisms, in place for several months, have already eliminated more than 300 million SHIBs.
Most recently, he himself oversaw a manual burn of 80 million tokens, while announcing improvements to make these processes even more efficient.
Furthermore, the recent update of Shibarium, a key blockchain network for SHIB crypto, adds a technical dimension to this strategy.
This now operational bridge facilitates transactions and strengthens the functionality of the Shiba Inu ecosystem. At each stage, the team seems to send a clear message: SHIB is not just a simple meme piece, but a project in full transformation.
If this outbreak of burning revives interest, it comes with crucial questions. Investors, including crypto whales who continue to accumulate SHIB, are banking on the promise of increased returns from scarcity. However, this dynamic could run out of steam if the project fails to offer concrete use cases or maintain an engaged community.
For now, Shiba Inu seems to be mastering this strategic fire with flying colors. But the flame of a token can go out as quickly as it lights up. The future will tell if SHIB will manage to transform this combustion into a real blaze of success. Meanwhile, Trump's election is fracturing the crypto community.
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Evans S.
Fascinated by bitcoin since 2017, Evariste has continued to research the subject. If his first interest was in trading, he is now actively trying to understand all the advances centered on cryptocurrencies. As an editor, he aspires to continually deliver high-quality work that reflects the state of the industry as a whole.
