Shiba Inu Token (SHIBUSD)

[Callme RICK]

Shiba Inu (SHIB) Surged After 191 Million Tokens Were Burned
According to SHIB news, the Shiba Inu community has been burning tokens. More precisely, 191 million Shiba Inu (SHIB) tokens were burned on September 22, 2023. The tokens were sent to a dead wallet, from where these can’t be reobtained.

Overall, Shiba Inu burning reduces the overall supply of tokens in circulation, resulting in the price surge of the remaining SHIB tokens. Likewise, the goal of the recent Shiba Inu (SHIB) token burn was to decrease the supply of SHIB tokens and increase the price of the remaining tokens. And that’s precisely what happened.

Following this Shiba Inu news, the SHIB price surged from $0.000007195 on September 22 to $0.000007675 on September 23, witnessing an increase of 6.7%.

After this Shiba Inu coin burn, the future looks promising for Shiba Inu. As per SHIB news, some crypto analysts predict that Shiba Inu’s (SHIB) price could reach $0.0001 by 2027.

https://techbullion.com/a-quarter-billion-shib-annihilated-191-million-shib-incinerated-instantaneously-implications-for-vc-spectra-and-curve-dao-prices/