With a SHIB burn of nearly 28 billion tokens in a day, there could be a strong impact on SHIB’s price. The burn activity of Shiba Inu (SHIB) is receiving attention once more after a spike. In the last 24 hours, the circulating supply of SHIB has decreased by more than 28.4 million tokens, reflecting a burn rate of a whopping 3,255.93%. The surge in the burn rate is part of an increasing effort from the SHIB community to reduce the overall supply of the native token in hopes of boosting its price. This activity is typically carried out to tighten the supply and, consequently, make SHIB more valuable in the long run.
SHIB team’s marketing lead known under the pseudonym Lucie has taken to her account on the X social media platform to talk to the SHIB community about scammers and things that are necessary to oppose their attacks.
She warned the SHIB army to steer clear of scammers and revealed “the only real weapon” to be used against them. Lucie also clarified why the SHIB team often prefers not to respond to FUD (fear, uncertainty, doubt) attacks undertaken against them and the whole SHIB ecosystem.
In the state of trenches we’re living in, education is the only real weapon.
Scammers thrive on hype. They prey on the uninformed.
Forget the trends. Forget the noise.
Only solid, time-tested investments will survive the storm.
Learn. Research. Move with purpose.
No shortcuts…
