Another burning of Shiba Inu (SHIB) tokens were reported to have burned recently. The instance came into notice after a long time. There was no such instance that took place giving somewhat comfort to the SHIB community anticipating the burn. This Shiba Inu burn remained more or less similar to the previous ones given that despite millions of tokens burned, there was still no significant decrease in the supply.
In the last 24 hours, more than 27.5 million SHIB tokens were reported to get burned. Undoubtedly these tokens are now out of the supply and would never come back again but since the stash is worth only a few hundred dollars, it might not make any much of an effect. Neither the brunt token would affect the 549 trillion tokens supply nor the amount would anyhow impact the 4.5 billion USD worth market cap.
Clearly this reduction in supply would not result in increasing the market value of Shiba Inu tokens.
Although the burning rate witnessed a huge jump of upto 640% given that m
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