Shiba Inu Token Burns Over 570 Million Tokens in One Week, Surging Weekly Burn Rate

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defiCosmos

That’s just a drop of water from the ocean.

Embarrassed-Top-1743

Only a shiba bagholder would be naive enough to read this and think it was bullish. Probably same people that are Pepe bag holders and think the devs rugging and running off with investors money was a good thing because ‘with the bad actors gone, the project is more legitimate’.

Peak copium

middlemangv

This is the exact reason why are they making their tokenomics so crazy. 570 million burned sounds a lot, meanwhile its just a little bit above $4000.

Calm-Cartographer677

>Over the course of the last seven days, a staggering 570,455,129 SHIB tokens, equivalent to $4,083, were systematically incinerated in a total of 110 transactions.

Lol a $4k burn is newsworthy. The state of crypto ‘journalism’.

ArrivalWrong7289

Blah blah blah shib this and shib that

Harold838383

That’s like what $1? 😜

UrFavoriteBedwench

This is not newsworthy…

ProjectZeus

So funny watching these shitcoins pretend to be serious projects

CJStraightBusta

The title would be much less interesting if they wrote $4000 instead of 570 million but they are shitposting just like us so I can’t really complain

TheGreatCryptopo

Over the course of the last seven days, a staggering 570,455,129 SHIB tokens burnt. Equivalent to $4,083. 😲. SHIB getting to the moon literally in a one small step for man way.

Ofulinac

That’s bullish but it still doesn’t increase token demand in any way and not to mention our banner burns, burn more in USD amount.

cerebralsexer

$4000 burning also become news?

soyelvorph

See it this way and those numbers are totally irrelevant:

570 million tokens out of how many quadrillions?

Mundane-Farm-4117

They need 570000 Million for it to mean anything

Super_Iron6408

There’s still truckloads of coins 🪙

KingHiggins92

And people wonder why Crypto is still seen as a joke.

Oshika-

I can start to see adaptation of Shibarium network

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