According to Kusama, nearly $1.2 million worth of SHIB tokens could face burning. In 2023, the rate of SHIB destruction has been in a sluggish state, with sporadic and untimely burns occurring only occasionally. SHIB fans, often referred to as SHIB Army, are calling on developers to increase burns to reduce tokens**.
Kusama's hint suggests that Shiba Inu's burn rate may soon increase. Shibarium, the project's Layer-2 network, is also increasing the SHIB burn rate. According to data on Shibburn, 50% of the total burn currently occurs on the network.
The destruction on Shibarim was carried out in the form of a bone as a fuel fee. So far, 1367845 have been accumulated42 Bone tokens, worth about $1.2 million. The fuel fee will be converted to SHIB and sent to the Trash.
X user RandomArtz3 recommends using gas fees to destroy Bone and SHIB. However, Kusama disagrees and says that the gas fee will only be used to burn SHIB.
The burning of $1.2 million in SHIB tokens is likely to have a positive impact on the popularity of this popular token. In view of the huge circulation** of SHIB, it is necessary to reach 0$01 ** is unlikely. There are currently about 589 trillion SHIB tokens in circulation. If you want to make it reach 0$01, the team needs to significantly reduce the tokens**.
In addition, Shiba Inu's **again**, adds a zero after the decimal point. The crypto market is facing a correction, probably due to the upcoming US inflation data tomorrow.