Shiba Inu Increase Burns, 410 Trillion Tokens Removed

Shiba Inu Burns, 410 trillion tokens removed (Photo; Doc. Media Blockchain)

JAKARTA - In order to reduce supply, the Shiba Inu token (SHIB) has burned more than 410 trillion tokens since the beginning of the year. This combustion process, which involves removing tokens from circulation through shipments to dead wallets, experienced a 15% jump this week with more than 16.1 million SHIB culled. The SHIB community views this move as a way to create scarcity, which is expected to boost token value.

The increase in SHIB burning was pioneered by community initiatives that continue to promote collective combustion events. According to economic principles, when supply is reduced while demand remains or increases, prices tend to rise. The data show that the price of SHIB has soared to 27%, reaching a level of 0.00002753 US Dollars (Rp0.44), which has never been seen in recent months.

The main movers in this arson campaign are the "whale" or large SHIB holders, who actively reduce supplies circulating through major transactions. Their activities not only encourage market sentiment, but also inspire the participation of small investors.

With the increase in the price of SHIB showing a positive effect from strategic supply management by the community. With current market cap of 14.5 billion US Dollars (Rp229 trillion), Shiba Inu shows promising potential to attract more investors. Some analysts project price increases of up to 80% if this trend continues.

Another factor driving this optimism is the plan to develop the Shiba Inu ecosystem, such as the launch of a new project designed to increase user engagement. These projects are expected to strengthen SHIB's position in the midst of a competitive crypto market.