- The Shiba Inu community has proposed a new burning mechanism on Binance and Coinbase, that could see the circulating supply plummet drastically.
- Shiba Inu’s SHIB has come under intense pressure with the asset posting mixed market sentiments which could be driving high volatility.
As volatility around Shiba Inu (SHIB) rises, the Shiba Inu community, commonly referred to as the “ShibArmy”, has offered a proposal that could see SHIB’s circulating supply plummet drastically. The new proposal has fueled massive optimism around the memecoin with investors eyeing a new all-time high.
The community has proposed a new burning mechanism on two of the largest cryptocurrency exchanges, Binance and Coinbase. These mechanisms have proven successful for other crypto projects, most notably Terra Luna (LUNC).
As CNF has in the past highlighted, the LUNC community has been pushing this initiative with a major contribution from…
