Half a billion SHIB locked in dead wallets- Decoding what it means for investors

In April Shiba Inu introduced a burning portal allowing holders to permanently destroy their tokens. This was aimed at reducing the circulating supply while also enabling users to receive passive income. Since then, more than billions of such tokens exited circulation.

In fact, a week ago, over 1.4 billion tokens were burnt in over 160 transactions. At press time, the activity continued to garner interest.

Burning the pup

The community burnt or rather destroyed nearly half a billion meme…

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