CandleFocus Shiba Inu to Burn Big? Plan to Slash SHIB Supply Teased by Shiba Inu Executive
2024-09-15
Author: Content Editor
Shiba Inu team member Lucie has clarified that the developers cannot change the supply of the SHIB token because the creator burned the keys. To reduce the supply, SHIB tokens need to be bought and burned, which requires money. Lucie emphasized the need for millions or even billions of users to participate in the ecosystem, as more users would lead to more SHIB being burned, making it more valuable over time. In the last 24 hours, 3,632,401 SHIB tokens were burned, and Shiba Inu's total supply is currently 589,271,230,359,528 tokens. There has been a significant increase in large holder netflow, suggesting that whales are accumulating more SHIB tokens. SHIB's price at the time of writing was $0.0000138, a 0.68% increase in the last 24 hours.
Related News
Stablecoin Adoption Surges: 8.7 Million Wallets Hold Amid Market Volatility Blockchain’s Best Use Cases: Here’s Where It’s Making the Biggest Impact Shiba Inu’s Puppynet Gets Ethereum Upgrade for Smoother, Faster Transactions Analyst Predicts XRP Could Surge 38,000%: Historical Patterns Suggest Massive Rally Toncoin Among Top 3 Altcoins Leading A Massive Weekly Rally Fake Tesla video scam: Large YouTube account uses deepfake Musk to talk Trump and ‘double your bitcoins’ Sui Price Eye 96% Hike; Is ATH Within Reach Soon? XRP Surges Amidst Market Decline: A Resilient Move in a Red Market Goldman Economist Eyes 0.25 Fed Cut: Will Bitcoin Catch The Wave? Europe Crypto Roundup: Zondacrypto Launches Educational Center in Poland, Greece Plans $330 Million AI Data Center, and More Market Highlights: $CKB and $TIA Lead Market Bounce Amid Heightened DeFi Activity Venture Capitalist Chris Burniske Says Subtle Signs of Crypto Bull Market Flashing Amid Depressed Sentiment Watch Out: 19 Altcoins Have Massive Token Unlocks in the New Week – Here is the Day by Day, Hour by Hour List Daily Market Review: BTC, ETH, TIA, FTM, BEAM CryptoPunk Leads Top NFT Sales With $685K Record in Last 7 Days Ripple Price Analysis: After Finding Strong Support, Is $0.64 Next for XRP? Crypto custody is a growing market that could flourish if Trump wins Bitcoin rally to $60K raises traders’ interest in FET, SUI, AAVE and INJ Bitcoin's Role in Defi Evolves: CMC Research and Footprint Analytics Report Solana Recovers But Selling Pressure Is Present At $140 Fiat-Pegged Crypto Market Expands by $1.39B in Past Week, Led by USDT and USDC Analyst Benjamin Cowen Predicts Altcoin Bleed-Out Toward End of the Year – Here’s Why SUI Token Surges by 13% Amid Market Recovery XRP Price: What To Do As Ripple Hits Bottom? GRT Price At Major Resistance Level: Can Bulls Trigger Breakout? Ethereum (ETH) Collapses Below Key Level Against Bitcoin (BTC) Watch Out: Huge Week Ahead – Significant Events in Economic Data and Altcoins – Here’s the Calendar to Follow ‘Catizen’ Players Angry After Surprise Changes to Telegram Game Airdrop Ethereum-Bitcoin Parity Hit Its Lowest Level In The Last Three And A Half Years – Here Are The Latest Data Bitcoin and Altcoins Face Major Events in the New Week – Here’s a List to Watch Closely Anticipated Project Announces Altcoin Release: Price Surge XRP Price Could Successfully Sustain Above $0.60 This Time Binance Coin (BNB) Price Prediction for September 15 Sonic and Fragmetric Join Forces to Secure HyperGrid & Scale Solana for Next-Gen Gaming Can a $25 Million Investment Spark a Bullish Trend for DOGS? $100 Million Bitcoin Mystery Stuns Top Exchange in 24 Hours Shiba Inu to Burn Big? Plan to Slash SHIB Supply Teased by Shiba Inu Executive Crypto Whale Acquires 20 Million XRP From Top Korean Exchange Free online service model might be coming to an end—Mental Outlaw Indian Court Bars Police From Freezing Entire Bank Accounts in Crypto Fraud Probes Toncoin Price Eyes $8 Breakout as TON Network Hits $1 Billion USDT Issuance $135.4M in Dormant Bitcoin Revived by Mid-Sept., 2016 Wallets Dominate Activity Magic Eden Having ‘Best Year Ever’ Despite NFT Market Slump: CEO Can Bitcoin price overcome the $60K 'double breakout' zone? What Is ‘Eve Frontier’? CCP's Space Survival Game on Ethereum Toncoin (TON) Escapes 41% Crash, Aims at Reclaiming $6 Cardano Bull Run Anticipated as ADA Community Identifies Bottom Here’s Bitcoin’s trading plan for this week; Interest rate cut incoming Coinbase CEO Breaks Down Important Bitcoin ETF Question Bitcoin 'ticking time bomb' setup targets $150K by 2025 Bitcoin is not out of the woods yet - What's next for BTC? XRP $0.6 Price Retrace: Here's Exact Reason Why How crypto ETFs challenge the $257b gold ETFs legacy All the crypto airdrops scheduled for September: the complete list Tap-to-earn gaming surges with 950M Telegram users driving rapid growth Bitcoin Eyes Bullrun: Crypto Analyst Highlights Key $65,765 Weekly Close Solana (SOL) Founder Makes Surprising Satoshi Statement Developer shortage in the crypto space is where the real problem lies | Opinion What XRP’s Launch on Robinhood Europe Means for European Crypto Traders SEI Network Fees Drop by 25%, Boosting Market Confidence Blockchain Should Seize GenAI’s “Trough Of Disillusionment” Moment HTX Integrates Lightning Network for Faster Bitcoin Payments Bitcoin (BTC) at $37,000? Don't Be Mad if It Happens What Is Pump.fun? The Solana Meme Coin Factory 'Rich Dad Poor Dad' Author: Bitcoin Is About to 'Explode' Circle predicts stablecoins will become mainstream global payment method Ripple (XRP) Price Prediction and Outlook for This Week Crypto Strategist Hints at Rallies for Dogecoin and Altcoins, Says Alt Market Goes As DOGE Goes Celestia (TIA) Price Rises: What's Ahead? Whales Boost SUNDOG: Major Moves Shake TRON’s Meme Coin Market Bitcoin Price Flirts With $60K as Weekly Gains Surpass 10% (Market Watch) Cardano (ADA) Price Prediction and Overview for This Week TRON Founder Blasts Coinbase’s Wrapped Bitcoin Product cbBTC as ‘Central Bank Bitcoin’, Brian Armstrong Responds Prom Completes 500,000 Transfers in Stress Test, Demonstrating Robust Performance Phishing Attack Drains $36K as Victim Approves Malicious ‘SetOwner’ Signature on DSProx WazirX Hacker Now Holds 34,154 ETH Following Massive Laundering Effort A Crypto Trader Losses $1.13M As $MKR Plummets Crypto Custody: The $300M Goldmine Wall Street’s Eyeing Amid Regulatory Quicksand ‘This Is How Bottoms Are Formed’ – Analyst Predicts Bitcoin Comeback, Says New BTC All-Time High Around the Corner XRP Earns Robinhood’s Relisting, Could This be the Trigger to XRP’s Bull Run? Is Coinbase Giving IOUs to BlackRock and Suppressing the BTC Price? Shocking Report Analysis Company Analyzed What Happened This Week: What’s Ahead for Bitcoin? US Sentences 12 in $3.5 Million Cryptocurrency Heist Involving Violent Home Invasions Lawmakers Call on Top 10 Bitcoin ATM Firms to Address Crypto Fraud Concerns High-Supply Cryptocurrencies: $LADYS, $SHIB, and $PEPE Lead the Market Trust Wallet CEO Predicts ‘Amazon Web3’ Future for Crypto Wallets Norway town campaigns to close Bitcoin mine, electricity costs jump 20% Time To Dump Bitcoin? Economist Predicts Massive ‘Sell The News’ Event Grayscale Sets Stage for XRP ETF with Launch of U.S. XRP Trust for Accredited Investors Web3 Innovator: UK Crypto Community Sees Brighter Future Under Labour Government Tether Is A Bigger Scam Than FTX, Says Cyber Capital Founder Top Altcoins on CryptoRank: $DOGS and $ZK Lead Market Searches 3-Year Cup-And-Handle Pattern Promises To Send Bitcoin Above $100,000 Trust Wallet CEO Predicts ‘Amazon Web3’ Future for Crypto Wallets 'An Explosion of Election Gambling' Is Nigh, CFTC Warns Appeals Court Bitcoin Investor Faces Prison Time for Underreporting Crypto Gains Bitcoin Order Books Hint at Market Bottom, Bullish Shift Ahead Miners ditch Bitcoin for AI as energy costs surge Binance Launchpool To Roll Out Support for New Native Token of Telegram Mini-App Gaming Bot Russia All Out For Crypto Regulation, US Dollar Dominance Under Threat? Financial Experts Predict XRP’s Growth Amidst Increased Liquidity and Demand CKB Price Surges 100% Amid Upbit Listing