Breaking News : 50 Billion Shiba Inu Officially Incinerated In The Shib Burn Portal

(Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. Every investment and all trading involves risk, so you should always do your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.)

Wow, Shiba Burn Portal has already burned 50 Billion Shiba Inu tokens. This is less than a month after it was launched at burn.shibaswap.com. Some people said that the idea of the Burn portal would not do enough but they are proving people wrong. This is a very strong showing of support for the Shib Community. The largest burn so far to date was a mystery burn of 10 Billion Tokens.Total Burned 50,047,237,008

As we have stated before Shiba Inu is a decentralized deflationary currency. Some FUD came out that Shib was similar to Luna at is was quickly dismissed with facts as the Shib Army came to its defense. Shib Rock Star $HIBKINGHT tweeted out

“1- The whole $SHIB Tokens are minted at launch, they are all present in the #Crypto Market. No one can mint any other & it is deflationary. If you think it is cheap you can buy.. if you make profits you can sell and take your profits. No additional tax, nothing. 

2- You can be a diamond hand and even inherit them to your children. If you use DEX’s, you can buy on #ShibaSwap, #Uniswap, #1inch etc. You can buy on CEX’s like @MEXC_Global @HuobiGlobal @binance @coinbase @gate_io”

1- The whole $SHIB Tokens are minted at launch, they are all present in the #Crypto Market.

No one can mint any other & it is deflationary. If you think it is cheap you can buy.. if you make profits you can sell and take your profits. No additional tax, nothing.

— $SHIB KNIGHT (@army_shiba) May 19, 2022

The truth is that all the Shiba Inu Token burns are going to help. Not just because of supply and demand but because of community support, engagement, and excitement. Every small burn leads to another and some of those that are done in the Burn Portal just keep getting bigger. Every interaction is important and not everyone can afford to burn billions of tokens but they are all noticed as contributing to the Shib Dream. What is great now is the fact when you do burn tokens you get Ryoshi rewards from the official burn portal.

The Shib Ecosystem is growing, The Burns are growing, and maybe most importantly the Shib Army is growing. Shib has a bright future ahead of it and once again congratulations to the SHIB BURN PORTAL 50,000,000,000 Tokens Gone Forever!