2024-01-14 15:01:58

#Is Altcoin Season Coming? Shiba Inu Team’s Strategic Moves for SHIB Improvement.

The Shiba Inu development team is taking bold steps to enhance the value of SHIB coins. Following a series of smaller-scale burns, they have decided to incinerate a massive 9.25 trillion SHIB this month. In the past few months, the team already reduced the circulating supply by over 36 billion SHIB through burns fueled by transaction fees from Shibarium.

What makes this upcoming burn stand out is its scale, surpassing previous efforts, including the conversion of $1 million worth of BONE tokens into SHIB, resulting in over 101 trillion SHIB being eliminated. This significant move aims to make SHIB even more exclusive and valuable.

Moreover, the Shiba Inu team is not stopping there. They are actively working on automating the burning process, starting this month. This innovation is expected to increase the frequency and volume of burns, marking a new era for SHIB. Additionally, the team is gearing up for the transition of Puppynet from Ethereum’s Goerli network to Sepolia, indicating further advancements in the platform’s infrastructure. These strategic initiatives demonstrate the team’s commitment to shaping a brighter future for SHIB and its growing community.

SHIB-1.62%

BONE-1.27%

ETH0.1%

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