November 27, 2023

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SHIB Lead Teases $1.2M Burn, $0.01 Goal Uncertain

December 13, 2023

Potential Massive Burn

Shytoshi Kusama hints at a $1.2 million SHIB token burn, responding to SHIB Army's call for increased burns.

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Dynamic Burn Rates

SHIB's burn rate sees improvement, with 50% occurring on Shibarium, using ShibaSwap Bone (BONE) as gas fees.

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Accumulated BONE tokens, valued at $1.2 million, will be converted to SHIB and burned in the dead wallet.

Gas Fee Conversion

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Kusama disagrees with suggestions to burn both BONE and SHIB, emphasizing the gas fee's sole use for SHIB burning.

Exclusive SHIB Burning

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Price Impact Speculation

$1.2 million SHIB removal may positively affect price, but hitting $0.01 is unlikely with a massive 589 trillion circulating supply.

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Shibarium Fork

Recent fork aims for enhanced burns, but details on post-fork token burns remain undisclosed.

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Market Correction

SHIB's price dips, adding a zero after the decimal, possibly influenced by broader crypto market correction tied to upcoming US inflation data.

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