Hey Binance Square fam! đ Letâs talk about Shiba Inu ($SHIB ) because something HUGE just happenedâ410.74 TRILLION SHIB have officially been burned! Thatâs over 41% of the total supply⊠gone forever. đ
Why This Matters:
Less Supply = More Demand: Basic economicsâwhen tokens get scarcer, prices can pump if demand stays strong.
Vitalikâs Mega Burn: Remember when Ethereumâs Vitalik Buterin burned 410T SHIB in 2021? That alone wiped out 90% of his stash.
Burns Still Happening: Just last week, 687M SHIB were burned, with the burn rate spiking 481%! đ„
Whatâs Next for SHIB?
Shiba Inu isnât just a meme coin anymoreâitâs evolving:
Shibarium (L2): Faster, cheaper transactions.
Shib Alpha Layer: A new rollup tech to boost scalability.
Web3 Gaming: Partnering with TokenPlayAI for next-gen gaming.
Final Thoughts:
With massive burns, Shibarium growth, and real utility, SHIB is shedding its "just a meme" rep. Could this be the start of a new bull run? đ€
