- A SHIB team member praised the SHIB community for its efforts and teased 2024 plans.
- Over 76 billion SHIB coins were burned in 2023, with a recent 24-hour spike of 2,552.66% in burn rate, torching 129.7 million tokens.
- Both community and developers burned SHIB, totaling over 36 billion from transaction fees.
Shiba Inu (SHIB) has ignited excitement for 2024 with promising revelations and record-breaking token burns.
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Kuro, an esteemed figure within the Shibarium Discord and Telegram team, recently lauded the collective Shiba Inu supporters as the foundational strength behind the Shibarium journey. In his address, Kuro hinted at substantial initiatives brewing for 2024, passionately urging the SHIB army to unify efforts and forge an unforgettable year ahead.
In a striking display of commitment, a staggering 76,403,022,296 SHIB meme coins underwent incineration throughout the entirety of 2023. The most recent 24-hour timeframe witnessed an unprecedented surge in the SHIB burn rate, catapulting by an astonishing 2,552.66%. This surge led to the destruction of a substantial 129,716,497 tokens.
Notably, the token burns were a collaborative effort involving both the impassioned SHIB community and the proactive developer team. The community actively participated in this reduction of token supply through various transactions.
Simultaneously, the developer team demonstrated their dedication by transferring over 36 billion SHIB from Shibarium’s transaction fees to unspendable addresses. This deliberate act underscored their commitment to diminishing the available SHIB tokens, reinforcing a drive to create scarcity and potentially increase the token’s value.
Kuro’s call to action resonates as the SHIB army anticipates groundbreaking developments on the horizon, fueled by unity and a shared determination to shape the future of Shiba Inu. Shiba Inu enthusiasts are poised to witness the potential transformation and milestones that this pivotal year might unveil.
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