Over 100 Million SHIB Burned As Shibarium Team Rolls Out Crucial BONE Update


16 Sep 2023 8:17 AM

A massive SHIB lump has been set on fire, while the top SHIB developer announced details of upcoming BONE contract renouncement...

  • Millions of SHIB tokens have been burned by Shiba Inu enthusiasts, making them unspendable.
  • In the past 24 hours, a total of 111,051,432 SHIB tokens have been burned, increasing the burn rate by 251.30%.
  • The top SHIB developer, Kaal Dhairya, has announced plans to renounce the BONE contract, but thorough testing is required before taking any steps.
  • Steps mentioned by the developer include adding a Timelock contract, minting a dummy token called Calcium, minting BONE, and adjusting rewards.
  • Despite recent listings on exchanges, the price of BONE has not reacted positively, but it is expected to recover once Shibarium becomes well-established.

The article contains a mix of positive and neutral sentiment. The burning of SHIB tokens by enthusiasts is seen as a positive development, while the announcement of plans to renounce the BONE contract is seen as a cautious step that requires thorough testing. The lack of price reaction to recent listings is mentioned, but there is optimism about a potential recovery in the future.

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You May Ask

What is the current burn rate of SHIB tokens?Who is the top SHIB developer and what are their plans regarding the BONE contract?What steps are mentioned in the developer's announcement?How has the price of BONE reacted to recent listings?When is the expected recovery of SHIB and BONE prices anticipated?

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