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Shiba Inu SHIB Burns Slow—Large Token Burns (permanently destroying tokens) Reportedly Dry Up

A social media post states Shiba Inu burn activity (permanently destroying tokens) appears dead, with large SHIB burns drying up.

SHIB

Summary

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Terms & Concepts
  • Token burn: Permanently removing cryptocurrency by sending it to an irretrievable address to reduce supply.
  • SHIB: Ticker symbol of Shiba Inu, a cryptocurrency token.