CandleFocus Shiba Inu Team Burns 1 Billion SHIB, Upgrades Burn Portal
2025-01-31
Author: Content Editor
The Shiba Inu ecosystem team has launched ShibTorch V2, an upgraded burn portal for burning SHIB tokens. The portal offers enhancements to streamline the burning process, improve security, and increase community participation. The upgrade also includes advanced swap routing, slippage protection, and an efficient POS bridge. Additionally, the team has incinerated 1 billion SHIB tokens, valued at $18,580, to celebrate the progress. The recent burn brings the total tokens burned over the past 24 hours to 1.1 billion. Despite the burn, SHIB is still down 7.74% over the past week, trading at $0.00001858.
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