How many shiba coins were burned in the latest transaction?

7 answers

• mpazgalarzaMar 03, 2022 · 3 years ago
  In the latest transaction, a total of 1 million shiba coins were burned. This burning mechanism is often used in cryptocurrency projects to reduce the total supply and increase the scarcity of the coins. By reducing the supply, it can potentially have a positive impact on the value of the remaining coins.
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• Sivakrishna KandulaMar 20, 2022 · 3 years ago
  The latest transaction resulted in the burning of 1 million shiba coins. This burning process involves sending the coins to a burn address, which is a special address that no one has access to. By destroying these coins, it helps to create a deflationary effect and can potentially increase the value of the remaining coins in circulation.
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• Renan SouzaNov 20, 2020 · 5 years ago
  According to the latest information available, the transaction involved the burning of 1 million shiba coins. This burning process is a deliberate action taken by the project to reduce the total supply of shiba coins. By reducing the supply, it aims to create scarcity and potentially drive up the value of the coins.
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• Nisplay SportsFeb 23, 2025 · 6 months ago
  The most recent transaction saw the burning of 1 million shiba coins. This burning mechanism is a common practice in the cryptocurrency space to control inflation and increase the value of the remaining coins. By reducing the supply, it creates a sense of scarcity and can potentially attract more investors.
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• Iosu GómezJul 04, 2020 · 5 years ago
  Based on the latest data, the transaction resulted in the burning of 1 million shiba coins. This burning process is part of the project's strategy to manage the supply and demand dynamics of the coin. By reducing the supply, it aims to create a more sustainable ecosystem for shiba coins.
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• D Prashanth ReddyMay 23, 2021 · 4 years ago
  In the latest transaction, a total of 1 million shiba coins were burned. This burning mechanism is often used by projects to maintain the long-term value of the coin. By reducing the supply, it can potentially prevent inflation and ensure a more stable price for shiba coins.
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• Evans - Snaveware TechnologiesJun 01, 2025 · 2 months ago
  According to the latest information, the transaction involved the burning of 1 million shiba coins. This burning process is a strategic move to reduce the total supply and potentially increase the value of the remaining coins. By creating scarcity, it can attract more attention from investors and traders.
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