Shiba Inu Burns 200 Ethereum ETH: A Prelude to Trillions?
The official team behind the widely popular meme coin, Shiba Inu (SHIB), has recently publicized the burning of a considerable amount of Ethereum (ETH). The disclosure conveyed through a post on X from the Shib account revealed that 200 ETH had been intentionally burnt within one month. With the current value of ETH standing at $2,376.37, this translates to a substantial $475,366.00 being permanently taken out of circulation. 🔥 Is it getting hot in here? Oh wait, it's just us burning some $Shib In just about a month, we've incinerated nearly 200 ETH worth. TX details in the first comment below. pic.twitter.com/YVEzb7SEPJ — Shib (@Shibtoken) January 9, 2024 Anticipatory Sentiments The announcement evoked diverse responses within the Shiba Inu community, with some members expressing excitement and anticipation for more substantial burns in the future. One Twitter user confidently asserted, “This is just the beginning. Shiba Inu will burn trillions soon, ...