On December 23rd, the SHIB team burned more than $100,000 worth of SHIBA INU tokens. So far, the SHIB team has burned a total of 33.6 billion SHIBA INU tokens, effectively reducing the number of tokens currently in circulation.
Since shib** is more than 000001050 dollar, shiba inu holders have achieved 325% monthly earnings. The Shiba Inu team burned a total of 33.6 billion SHIB tokens, a move that alleviated the selling pressure on the meme currency, resulting in a decrease in the surrounding **. SHIB**'s uptick is supported by blockchain on-chain measures, which also provide a credible basis for the asset's positive dynamics.
The bull market argument for the meme currency is supported by the SHIB burn. The SHIBA INU token burn is one of the catalysts that incentivizes SHIB growth, limiting the number of assets in circulation by limiting the number of assets available for purchase. In addition to Binance's participation in the SHIB burn, other entities, such as the SHIBA INU team, have also burned tokens, which has had a similar effect on the meme currency.
Since the start of the project, the Shiba INU team has burned a total of 33.6 billion SHIB tokens. A marketing professional who goes by the name Lucieshib on X and is popular on Shibarium shared the statistics of the fourth burn with the community.
According to data obtained by Shibburn***, a total of 25.7 billion SHIB tokens were burned in December. While the value of meme currencies in other ecosystems has skyrocketed, Shiba Inu's ** has created a 35% monthly gain for holders.
According to the metrics available on the blockchain, the shiba-inu-themed meme currency is on the right path to recovery. On December 24, the ** of SHIB on the exchange dropped sharply to 782%。As this move significantly reduces the selling pressure exerted on assets across all trading platforms, it is expected that SHIB's rally will continue its current rally and begin.