Étiquette : shiba

Edited by Matt Waller Shiba Inu (SHIB) is generating renewed excitement in the crypto community as the token nears a potential breakout, following a staggering burn of 389 million tokens in February. This major deflationary move, aimed at reducing the circulating supply, comes at a time when market sentiment appears to be shifting, and technical indicators hint at the possibility of a significant rally. With the coin trading in a narrow range recently, investors and analysts alike are speculating on whether this burn could catalyze a surge, potentially pushing SHIB’s price towards new highs. Key Points Massive Token Burn: In February, 389 million SHIB tokens were permanently removed from circulation, marking a significant step in the deflationary strategy....