Yes, it’s true — over 410 trillion Shiba Inu (SHIB) tokens have been burned, which is about 41% of its original 1 quadrillion supply. This huge burn mainly started when Ethereum co-founder Vitalik Buterin destroyed 410 trillion tokens in 2021, and the community has kept burning tokens since. The idea is to make SHIB scarcer, hoping to boost its value, though the price impact depends also on demand and market conditions. 🔥
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