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