Shiba Inu Marketing Lead Says Something Special Is Coming – Here’s What We Know

Shiba Inu advertising lead, Lucie has made a cryptic announcement to the SHIB group, indicating that one thing “particular” was set to happen and highlighting the potential for extra SHIB token burns.

Thrilling Shock Forward For Shiba Inu

In a latest X (previously Twitter) put up, Lucie teased a couple of main shock set to begin within the Shiba Inu ecosystem. Whereas she disregarded appreciable particulars about this particular occasion, Lucie disclosed that she was working intently with Shibacals Collaboration Studio to make the thrilling shock occur. 

Shibacals is a studio that produces and delivers high quality merchandise and authenticates collectibles for international Web3 corporations. Contemplating the studio’s companies, it’s attainable that Lucie’s particular information could contain using Shibacal’s merchandise to facilitate token burns. 

In her put up, Lucie additionally urged Shiba Inu group members to prepare for a considerable SHIB burn. Whereas she didn’t clarify precisely how the Shiba Inu workforce plans to burn SHIB tokens in collaboration with Shibacals, a large-scale burn will grossly scale back the numerous provide of Shiba Inu tokens.

A token burn is a course of executed to completely take away a particular variety of tokens from circulation. That is often achieved by sending tokens to a singular handle referred to as a burn handle or a lifeless pockets. Token burns are sometimes carried out to considerably scale back the provision of a cryptocurrency, inducing shortage and probably resulting in an improve in its worth. 

Regardless of withholding info on the upcoming shock, many Shiba Inu group members took the advertising lead’s teasing in good kind. A number of members have inquired in regards to the quantity of SHIB tokens the advertising workforce intends to burn. Others have proven their enthusiasm for the approaching burn, suggesting their readiness for the occasion. 

SHIB Burn Momentum Continues In July

Lucie’s trace at an impending SHIB burn comes as nice information to the group, poised so as to add to the substantial quantity of tokens burnt this July. Stories from Shibburn, a Shiba Inu token burn tracker, have revealed that unidentified customers have burnt a staggering 290,434,205 SHIB. Shibburn disclosed that the tokens had been despatched to a lifeless pockets and carried out in a single transaction.

The cumulative SHIB burn price is up by 8,596.57%, pushing the entire SHIB tokens burnt from its preliminary provide to over 410.7 trillion SHIB. Shiba Inu’s most whole provide is about 999 trillion tokens, nevertheless now its circulating provide has dropped all the way down to roughly 589.2 trillion. 

In June, over 918 million SHIB, price about $15,901 on the present change price, had been burnt throughout 237 transactions. This momentum has poured into July, as Shibburn continues to file a number of each day token burns. 

Featured picture created with Dall.E, chart from Tradingview.com