Over 80 Million Shiba Inu (SHIB) Burned as Lead Developer Suggests AI Pivot


19 Nov 2023 7:03 PM

The number of SHIB burned surged by 60%, totaling over 80 million tokens, while speculation arises on Shiba Inu's pivot to AI....

  • The SHIB token burn rate has increased by around 60% in the past 24 hours, with approximately 80 million tokens burned.
  • Most of the tokens were burned in a single transaction, while the other four transfers were smaller.
  • The burning event did not have a significant impact on SHIB's price, which has seen a slight decrease.
  • Token burns aim to reduce the circulating supply and potentially drive up the price.
  • There is speculation that the Shiba Inu ecosystem might be considering a shift toward artificial intelligence, based on comments from stakeholders.
  • Venturing into AI would align with Shiba Inu's efforts to become a versatile utility blockchain network.

The article provides information about the increase in SHIB token burn rate and speculations about the ecosystem's potential shift toward artificial intelligence. The sentiment is neutral, focusing on factual information and speculation.

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