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Shiba Inu Community Burns 87M Coins This Week, What's Next For SHIB?

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Summary
Nutrition label

60% Informative

Shiba Inu community has burned 87.17 million SHIB tokens in the last 7 days .

The burn rate is up by 52.74% while there is a dip of 90.17% over the last 24 hours .

The objective is to bring down the circulating supply of the meme coin to create scarcity and spike SHIB prices.

The launch of the TREAT token is scheduled to happen on January 14, 2025 .

SHIB 's circulating supply now stands at 589.25 trillion .

VR Score

36

Informative language

20

Neutral language

50

Article tone

formal

Language

English

Language complexity

27

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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