Popular meme coin Shiba Inu (SHIB) continues its token burns without slowing down.
The popular meme coin Shiba Inu continues its token burns without a break. The community is seeing SHIB earlier than other meme coins on this topic.
Shiba Token Burns Increase Seriously In The Last Day
SHIB token burns have increased by more than 42 percent in the past day, according to data provided by Shibburn. While all this was happening, the price of the token increased by 6 percent.
SHIB’s token burns have become one of the highlights of the crypto community. It is done to keep the supply of cryptocurrencies more sustainable with token burns.
Shiba Inu (SHIB) burns make it stand out compared to other popular meme coins. Thanks to these burns, while the supply of the token remains sustainable, positive outputs can occur in the price.
When we look at the price chart of SHIB, we can see that it has been in an uptrend since the beginning of 2023. It is not overlooked that after the last burns, a pump came to the price. On a possible pullback from here, SHIB could test the $0.000014 level.