Shiba

Ethereum

Burn

Shiba Inu

<p>The post <a href="https://coinpedia.org/crypto-live-news/shiba-inu-community-proposes-shib-burn-via-binance-and-coinbase/" rel="noopener noreferrer nofollow">Shiba Inu Community Proposes SHIB Burn via Binance and Coinbase</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>The Shiba Inu community is actively considering burning SHIB tokens that are held on Binance and Coinbase to reduce its circulating supply to a great extent. In fact, in a recent poll undertaken by ‘Shiba Arab Army’, community feedback was taken on this proposal, and 95% proved to be in favor. This step’s primary goal is to increase the value of SHIB by decreasing its supply, which is similar to Ethereum co-founder Vitalik Buterin’s decision and the ongoing efforts by the community. Also, Binance has a history of token burns like LUNC, hinting at a potential collaboration that could significantly impact the market dynamics of SHIB along with a optimistic reinforcement of investor sentiment.</p>

Shiba Inu Community Proposes SHIB Burn via Binance and Coinbase

CoinPedia News

Other articles published on Jun 21, 2024

BONK Price Prediction: Why This Meme Coin Could Hit $0.000040 Soon

Everything Looks Well for Ethereum, Solana and Binance Coin; Altcoin Rally Soon?

Ryosh is Behind Omikami and RyuJin and Rising Memecoins to Watch

California Judge Advances Civil Securities Lawsuit Against Ripple, Sets Stage For Trial

Bitcoin is facing a rare ‘extended level’ of FUD on X — Santiment

Jupiter's Future Unveiled: Supply Cuts & Strategic Plans

Join our free newsletter for daily crypto updates!