Head of Shiba Inu team warns SHIB community against this danger
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The aforementioned SHIB team member, Lucie, has tweeted that by now the SHIB team has set aside a massive 40 ETH from transaction fees for making SHIB burns. This is the equivalent of slightly more than $3,390 and is worth a whopping 4,690,279,616 Shiba Inu meme coins. The team started SHIB burns at the end of November and burned chunks that contained billions of SHIB from then until February. Thus, they destroyed approximately 36 billion Shiba Inu by transferring them to unspendable wallets.
In January, the SHIB team started testing an automated mode for burning Shiba Inu. Lucie did not name any particular date when the burn would take place, but she just recommended that the SHIB army watch out for further announcements.Earlier this week, Lucie addressed the SHIB community on their frequent comments about the SHIB team allegedly doing nothing to increase burns., who disappeared from social media radar in 2022.
So far, according to Shibburn, within the last 24 hours, the SHIB community has transferred a total of 48,209,535 SHIB meme coins out of the circulating supply, with 42,466,919 SHIB being the largest chunk burned so far.Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects.
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