Lucie, the vocal marketing specialist within the Shiba Inu ecosystem, has hinted at an upcoming collaboration with Shibacals that may lead to substantial SHIB burns.
The Shiba Inu community has been actively reducing the supply of SHIB through burns. Despite a sharp 96% decline in burn rate observed in the last 24 hours, the forthcoming partnership between Lucie and Shibacals is anticipated to result in a significant reduction of SHIB tokens permanently taken out of circulation.
In a development that has stirred excitement within the Shiba Inu community, Lucie, known for her proactive marketing efforts in the ecosystem, has disclosed plans that could potentially lead to substantial burns of SHIB tokens.
The marketing specialist revealed ongoing work on a special project with Shibacals, a venture dedicated to utilizing blockchain technology for authenticating physical collectibles. Although specific details of the collaboration were not fully disclosed by Lucie, she has encouraged members of the Shiba Inu community to anticipate a ‘SHIB burn,’ sparking enthusiasm among enthusiasts of the token.
Community Response to Lucie’s Announcement
As expected, Lucie’s statement has generated positive reactions from the Shiba Inu community, with members eagerly asking whether the project will result in burning millions or even trillions of SHIB tokens.
The announcement has been met with enthusiasm, as community members express anticipation for the impending SHIB burn, underscoring their collective desire to reduce the token’s supply and potentially enhance its value.
The upcoming burn initiative is poised to further diminish the substantial supply of 589.27 trillion Shiba Inu tokens, potentially boosting the value of remaining SHIB tokens. The Shiba Inu community has been steadfast in its efforts to reduce SHIB’s supply through various burn mechanisms.
In addition to burns driven by the community, the SHIB ecosystem team has actively participated in the burn campaign, utilizing a portion of Shibarium gas fees for incineration.
In March, the team launched its sixth Shibarium-powered burn, successfully eliminating 13.4 billion SHIB across two transactions, bringing the total Shibarium-powered burns to an impressive 56 billion SHIB.
Despite community efforts, there has been a significant 96% decrease in the cryptocurrency’s burn rate over the past 24 hours, with only 203,721 SHIB tokens incinerated during this period.
