Shibarium Token Burns Set the Stage for a New ATH: Expect Impact in 8 Months

Shiba Inu marketing specialist urges the SHIB community to use Shibarium for SHIB token burns to reach a new ATH.
Shibarium’s transaction fees allocate 70% to burning SHIB tokens, reducing supply.
Lucie anticipates that the effects of Shibarium on Shiba Inu’s performance will become evident within the next eight months.

Shiba Inu again makes headlines as its marketing specialist, Lucie, issues a compelling call to the SHIB community to embrace Shibarium, the project’s recently launched scaling solution, as a means to burn SHIB tokens and potentially pave the way for a new all-time high (ATH).

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In a recent tweet, Lucie emphasized the importance of community involvement, stressing that Shibarium’s ability to burn SHIB tokens hinges on its adoption.

Shibarium’s token-burning mechanics are clear: 70% of the base fee from transactions conducted on the platform is allocated toward burning SHIB tokens, while the remaining 30% is designated for network maintenance. Additionally, the priority fee compensates validators, further incentivizing participation.

Lucie acknowledges that onboarding millions to Shibarium will require patience and collective effort, as the new blockchain may take some time for users to become accustomed to. Nevertheless, she remains optimistic about its long-term potential.

Furthermore, Lucie shared insights from Shiba Inu’s lead developer, Shytoshi Kusama, who acknowledged the monumental challenge of burning billions of dollars worth of SHIB tokens. This underscores the need for increased usage of Shibarium to expedite the process.

Lucie also hinted at what lies ahead, suggesting that the community could start to witness the impact of Shibarium on Shiba Inu’s performance within the coming eight months. With Shiba Inu already demonstrating increased utility and concerted efforts at burning SHIB tokens, the next ATH is an intriguing development for this crypto sensation.

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Bhea Lacsamana

Bhea is a fintech journalist specializing in crypto, with a unique blend of roles as a content creator, anthropologist, and qualitative researcher. Her articles dive into both financial technology and cultural traditions, reflecting her diverse interests. Catch her immersed in a book where her love for learning thrives.