Shiba Inu Marketing Manager, Lucy made a cryptic announcement to the SHIB community, indicating that something “special” was going to happen and highlighting the potential for more SHIB Token Burns.
An exciting surprise coming for Shiba Inu
In a recent X (formerly Twitter) jobLucie teased a major surprise that should begin in the Shiba Inu EcosystemAlthough she omitted many details about this special event, Lucie revealed that she worked closely with Shibacals Collaboration Studio for this exciting surprise to happen.
Shibacals is a studio that produces and delivers quality products and authenticates collectibles for global Web3 companies. Given the studio’s services, it is possible that Lucie’s special news may involve using Shibacal’s products to facilitate Symbolic burnings.
In her message, Lucie also urged Shiba Inu Community Members to prepare for a substantial SHIB burn. Although she did not explain exactly how the Shiba Inu team plans burn SHIB tokens In collaboration with Shibacals, a large-scale burn will significantly reduce the large supply of Shiba Inu tokens.
A token destruction is a process performed to permanently remove a specific number of tokens from circulation. This is usually done by sending tokens to a unique address called a destruction address or token address. dead walletToken burns are often carried out to drastically reduce the supply of a cryptocurrency, inducing scarcity and potentially leading to a increase in its value.
Despite the lack of information about the upcoming surprise, many members of the Shiba Inu community have taken the marketing executive’s teasing to heart. A few members have request on the amount of SHIB tokens the marketing team intends to burn. Others have watch their excitement about the impending fire, suggesting their preparedness for the event.
SHIB Burn momentum continues in July
Lucie’s allusion to an imminent threat SHIB Burn This is great news for the community, set to add to the substantial amount of tokens burned in July. Reports Shibburn, a Shiba Inu token tracking tool, has revealed that unidentified users have burned a staggering 290,434,205 SHIB. Shibburn revealed that the tokens were sent to a dead wallet and completed in a single transaction.
The cumulative SHIB Burn Rate is up 8,596.57%, push The total SHIB tokens burned since its initial supply has increased to over 410.7 trillion SHIB. The maximum total supply of Shiba Inu is around 999 trillion tokens, but its circulating supply has now dropped to around 589.2 trillion.
In June, more than 918 million SHIB, worth about $15,901 at the current exchange rate, were burned on 237 transactions. This The momentum spread in Julyas Shibburn continues to record multiple daily token burns.
Featured image created with Dall.E, chart by Tradingview.com
