Shiba Inu Burn Portal Fuels Price Surge and Investor Optimism
TL;DR Summary
The Shiba Inu team has confirmed that the Shibarium burn portal, Shib Torch, has successfully burned over 300 million SHIB tokens since its launch, despite community concerns about its functionality. Developer Kaal Dhairya addressed these concerns, clarifying that the platform is operational and exploring more efficient burning mechanisms. The team plans to enhance the system, potentially using Cross-Chain Interoperability Protocol (CCIP), to improve the burn process and reduce SHIB's circulating supply.
- Shiba Inu Team Confirms Over 300M SHIB Burned by Shibarium Burn Portal Amid Concerns The Crypto Basic
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- How Much You Need to Make $10K, $30K, and $50K If Shiba Inu Hits $0.0005 and $0.005 The Crypto Basic
- Shiba Inu’s Bullish Trend: Will SHIB Hit $0.000081 For 179% Gains? TronWeekly
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