Half A Billion SHIB Sent To Dead Wallets in August by Robinhood and Coinbase — Can It Boost SHIB Price?

Half a Billion SHIB Sent to Dead Wallets: Will the Burn Finally Boost SHIB Price?

588.2 million SHIB were burned in August, including over 56 million from Robinhood and Coinbase. August burns dropped sharply from July’s 3.24 billion SHIB, weakening the supply reduction effect. SHIB needs stronger demand and renewed burn momentum before scarcity can significantly boost price. Shiba Inu investors are watching another major token burn as SHIB struggles to regain momentum. More than half a billion SHIB disappeared from circulatio…

Half A Billion SHIB Sent To Dead Wallets in August by Robinhood and Coinbase — Can It Boost SHIB Price?

Shiba Inu (SHIB) saw more than half a billion tokens permanently removed from circulation in August, with major cryptocurrency exchanges Robinhood and Coinbase among the platforms contributing to the burn activity. The reduction comes as SHIB continues to struggle with selling pressure and a broader lack of momentum. According to data from Burnalytics, a total […]