SHIB Army removes nearly half a billion Shiba Inu (SHIB) from circulation

by | May 30, 2022 | Analysis | 0 comments

The operation, dubbed the "SHIB Army," was conducted by the community with the goal of removing 405 million SHIB (about half a billion dollars) from economic channels. These funds were sent to various untraceable addresses on the blockchain in order to hinder speculative projects around memecoin. The main actors involved declared themselves satisfied: "This is a victory for our community! We managed to send 405 million SHIBs to unusable addresses on the blockchain, which will allow us to destabilize speculative projects around the memecoin

SHIB: a currency in full effervescence!

405,282,493 SHIB tokens, that's a lot! One wonders what could have motivated the members of the SHIB Army to remove so many Shiba Inu (SHIB) from circulation. Probably a strategic maneuver to lower the price and allow investors already present in the market to increase their wealth a little more. In any case, we won't complain: the fewer SHIBs in circulation, the better

The burn token also has another function which is to reduce the money supply in circulation. This is to prevent inflation from gradually decreasing the value of SHIBs, thus hurting their adoption. The decision to further increase the scarcity of memecoin will drive up its prices, which will be favorable to investors and content creators on this cryptocurrency

The $1.19 billion jump in April helped the U.S. stock market reach its all-time high.

With such a large investment, the SHIBs have definitely proven that they are the future of the crypto-currency. The whales seem to be convinced that those who own SHIB tokens will have a considerable advantage in tomorrow's market. This could be an uphill battle for companies and individuals who want to get their hands on them!

The SHIB Army is therefore withdrawing nearly half a billion Shiba Inu (SHIB) from circulation. These measures have been decided in order to safeguard the value of the memecoin and to avoid a further fall in prices. Moreover, this operation will allow the SHIB Army to increase its stock in SHIB!

Today we learn that the SHIB Army is removing nearly half a billion Shiba Inu (SHIB) dogs from circulation. These dogs have been deemed too dangerous to be kept in the wild and are likely to injure citizens. Many will regret this decision, as SHIBs were very popular, but we must think of our safety first.

While the SHIB Army is taking nearly half a billion Shiba Inu (SHIB) out of circulation, some investors are still betting on the cryptocurrency. The blockchain and the many uses it offers have already appealed to many, despite its failure in 2017. I therefore decided to study this ecosystem in order to better understand it and relay information to you regarding the various possible applications for this technology

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