![]() ![]() However, given SHIB’s massive circulating supply, it is unlikely to hit $0.01. Removing $1.2 million worth of SHIB tokens will likely positively impact the popular memecoin’s price. ![]() However, Kusama disagreed and said the gas fee would only go towards burning Shiba Inu (SHIB).Ĭan Shiba Inu (SHIB) hit $0.01 after burning $1.2 million tokens? X user randomartz3 suggested using the gas fee to burn BONE and SHIB. So far, 1,367,845.42 BONE tokens have accumulated, worth approximately $1.2 million. The gas fee will be converted to SHIB and sent to the dead wallet. Burns on Shibarim take place with ShibaSwap Bone (BONE) as gas fees. According to the data on Shibburn, 50% of total burns now occur on the network. SHIB burns on Shibarium, the project’s layer-2 network, has also increased. Kusama’s hint suggests that Shiba Inu’s (SHIB) burn rate could see a spike very soon. SHIB fans, popularly called the SHIB Army, have called on developers to increase burns to decrease the token’s supply. SHIB’s burn rate has taken a back seat in 2023, with sporadic, untimely burns occurring randomly. According to Kusama, almost $1.2 million worth of SHIB tokens might face incineration. ![]() Shiba Inu (SHIB) lead developer Shytoshi Kusama has teased that the project might undertake a massive burn soon. Shiba Inu: $1.2 Million SHIB to be Burned, First Step to $0.01? ![]()
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