Shiba Inu causes total madness – 900 million SHIBs were burned in 24 hours – Cryptomagazine

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Shiba Inu. Source: Shutterstock, Vladimir Kazakov

Meme coins continue in absolutely illogical and insane steps. Minimum token Shiba Inu. This project is literally destroying everything in its path and causing a total media boom.

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Shiba Inu is growing rocketing

Token SHIB caused an explosion in the world of cryptocurrencies. The popularity is so huge that the project even beat in daily volumes on the Binance Stock Exchange, the two largest cryptocurrencies, BTC a ETH.

Today, according to the Twitter Watcher.Guru, it was burned more than 900 million tokens SHIB. Approximately 1% of the total supply of SHIB tokens is destroyed daily. Of course, at given steps, the price responds with growth.

SHIB / BUSD
SHIB / BUSD 30m TF. Source: TradingView

After a long bull attack, there was a slight decline in the evening, which was caused by none other than Elonom Muskom. He was asked directly from Shiba Inu’s official account if he held any tokens SHIB? The answer was clear, no!

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But let’s go back to the combustion mechanism. This is slightly different than in the case of ETH. To get some business couple on the list ShibaSwap, must buy and burn a certain amount of tokens SHIB and LEASH.

In the past, the combustion process was significantly influenced by Vitalik Buterin. Prior to the launch of the project, 50% of the total offer was sent directly to the founder ETH. He burned up to 90% of tokens and 10% donated to foundations in India to fight the Covid-19 pandemic.

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Disclaimer: This article is for information purposes only and should not be construed as investment advice. Markets are unpredictable and without sufficient knowledge, trading is a gamble. We are not responsible for any losses. Market movements are difficult to predict, so we recommend considering the risk of trading on the stock exchange.