HARSH TRUTH ABOUT SHIB BURNS REVEALED BY SHIB TEAM!
The Shiba Inu (SHIB) team, led by marketing lead Lucie, has spoken out against token makers who burn SHIB tokens solely to promote their own products. Lucie calls this practice "the biggest crypto nonsense" and suggests that if teams want to support SHIB, they should either burn tokens directly or buy more, rather than using unrelated tokens to burn SHIB.
Key Points About SHIB Burns:
Ineffective Burning Methods: Lucie emphasizes that burning tokens inconsistently won't work; daily persistent burns are necessary to make a difference.
Community Efforts: Despite some criticisms, the SHIB community has been actively burning tokens, with over 28 million SHIB burned in the past 24 hours alone.
ChatGPT's Take: When asked for its opinion, ChatGPT agreed with Lucie, stating that burning unrelated tokens is a "gimmick" and that projects should instead burn tokens directly from their supply or incorporate transparent burning mechanisms.
Current SHIB Status:
Price: SHIB is currently trading at $0.00001610, with a 5% increase in the last 24 hours and a 26.4% increase in the past 7 days.
Market Cap: SHIB's market capitalization stands at approximately $9.49 trillion, ranking it #18 on CoinGecko .#TrumpTariffs #shiba⚡ $SHIB