Shiba Inu Community Anticipates $1 Million Token Burn Results
Date: 2023-12-18 Author: Dima Zakharov Categories: BLOCKCHAIN
Members of the Shiba Inu community are on the edge of their seats as they await the results of a massive SHIB token burn conducted by the Shiba Inu development team using their proprietary Shibarium blockchain network.
It was previously announced that the token burn was scheduled to take place on December 14th, 15th, and 16th. Like the rest of the community, this news has excited an enthusiastic response from Shiba Inu OG, a prominent Spanish representative of Shiba Inu, who dedicated a few celebratory remarks to the event.
The mass token burn is imminent.
This burn is based on the accumulated gas from transactions on the Shibarium blockchain. According to tracking services, the accumulated Gas BONE tokens on Shibarium amounted to $1,076,140 at the time of writing.
It is worth noting that the Shiba Inu team conducted their first burn using Shibarium on December 4th, destroying 8.2 billion SHIB tokens in a single transaction. At that time, the value of the tokens taken out of circulation exceeded $70,000.
