SHIB Sees Massive Token Burning; PEPETO to Unseat It?

Quick Summary:

The burn process helps SHIB reduce its supply and makes tokens more scarce, which often leads to price increases.

A key difference from SHIB lies in its tech focus or utility.The token sold at $0.000000107 in the presale phase, and $4 million was raised.

A single transfer moved 277.5 million SHIB tokens to a dead wallet, adding a big part to the total burn amount.

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Article Details

Category: Crypto

Markets: United States

Topics: Press Release HideCryptopanic

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-02 @ 16:00:24 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: ambcrypto.com

Language: English

Article Length: 671 words

Reading Time: 4 minutes read

Sentences: 36 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © AMBCrypto

News ID: 25729861

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About AMBCrypto

Main Topics: Crypto

Official Website: ambcrypto.com

Update Frequency: 13 posts per day

Year Established: 2018

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

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News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #103

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