The Shiba Inu burn ignites: Will SHIB soar like a rocket or stay in the ashes? 🔥🚀
My lovely people, the Shiba Inu community is on fire, literally! 🔥 It turns out that the creators of this memecoin are going all out on the 'burn' mechanism for tokens, and the numbers are insane. To give you an idea, in the last 24 hours, the SHIB burn rate skyrocketed by 10,845%! 🤯 This means that over 9.5 million SHIB were sent to wallets that are no longer active. And why are they doing this? Because they want SHIB to become scarcer, and the law of supply and demand says that if something is scarce, its value tends to go up! It's like when an artist releases very few tickets for a concert; they sell out and the price skyrockets!