Community Trust ScoreVerified
Shiba Inu burn rate has increased by 25,000% in the last 24h.
Community Reaction:
Criticism: Useless, yesterday 1 Shib; Today 25000 Shib and they said burn rate increased by 25000% stop fooling people it’s just a drop in Ocean. Blows my mind because people actually believe that burns help a tokens ecosystem. But still the total supply is more than last year until last year it was 430 trillion now its is 544 trillion. what a burn!
Counter Statement to Criticism: Every great moment begins with one great single step, think great. The burning mechanism is really a great idea to increase the price by lowering the supply. The next bull season will start with Shiba. because it is silent and insidious like a sleeping giant. Sometimes you want everyone to think you’re dead. When you realize that you’ve changed the world, it’s just the parasites who are late.
Criticism: But we are not seeing any improvement in price prediction. When will we see a good moment? Is it possible in 2022! or we have to wait for 100+ year? No one said anything about burning when Shiba INU deleted 6 zeros in one year so why everyone is so obsessed with burning. Only Millions will take 20 years to burn just a trillion.
No coin burn will benefit SHIB if there is no necessary utility in that burn. Every time I see a big burn, I see huge sell off. They need to do something before it’s abandoned.
Tired of being bullish with Shiba INU. They should burn all of it, pointless coin. Haven’t spent a single USDT on it. They expect a 1 cent dream which will never come true. Hope they burn all the Shiba Inu and have 0 coins
Query: How many burnt in last 24 hours? How it increased 25000%? Please can you explain? Well, due to the fact that 1.3 billion were burned overnight. And, Shiba Inu Burn Portal to Remove 111 Trillion Coins ($2,750,580,000 USD) out of Circulation Each Year.
SHIB Holders: Despite all of these criticisms, there are many SHIB holders who have not sold a single SHIB.
Even with the current market situation there are holders who are like: I’ve been HODL my SHIB for over a year and I don’t plan to sell even one in the next few years. I prefer to buy more.
Others were like: I’ve sold 100 million bought other projects, bought back 100 million then sold 75 bought other projects now bought back 75 million. Make that Shib Profit work for you.
