HomeCrypto NewsMarketHere is Shiba Inu Price in 5 Years if Shibarium Burns 10T SHIB Per Month

Here is Shiba Inu Price in 5 Years if Shibarium Burns 10T SHIB Per Month

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SHIB price could soar tremendously if Shiba Inu’s Layer-2 blockchain Shibarium burns around 10 trillion tokens monthly over the next five years. 

Since its mainnet launch in August 2023, Shibarium has served as a major engine for burning Shiba Inu tokens. The L2 blockchain initiates this burn by converting a portion of its transaction fees, initially collected in BONE, into SHIB and then sending them to the official dead wallet. 

At its initial launch, the Shiba Inu ecosystem team manually conducted Shibarium-powered SHIB burns. This resulted in the incineration of over 50 billion SHIB tokens. However, the process gained full automation in August 2024, with the blockchain burning an additional 1 billion tokens. #Shibalnu #BinanceAlphaAlert #news_update #NewsAboutCrypto