SHIB Token Circulating Supply to Decrease with Shibarium Expansion

Thursday, 16 May 2024, 07:35

The expansion of the Shibarium blockchain by a major exchange is expected to boost transactions and subsequently increase the burn rate of the SHIB token. This development will have a significant impact on reducing the circulating supply of SHIB.
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SHIB Token Circulating Supply to Decrease with Shibarium Expansion

SHIB Token Circulating Supply Impact

Increased transactions on the Shibarium blockchain will result in a higher burn rate for the SHIB token, diminishing its circulating supply.

Key Exchange Expansion

The expansion of a major exchange to Shibarium signifies a positive growth trajectory for the SHIB token.

Reduced Circulating Supply

The higher burn rate caused by increased transactions will lead to a reduction in the SHIB token's circulating supply, potentially impacting its value in the market.


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