Search Inside Bitcoins

Shiba Inu Sparks Frenzy, 1.6 Billion Tokens Burned in Unprecedented Move

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

Shiba Inu Frenzy market
Shiba Inu Frenzy market

Join Our Telegram channel to stay up to date on breaking news coverage

The cryptocurrency landscape is in a constant state of flux, and the latest developments emerging from the Shiba Inu (SHIB) community have stirred up quite a commotion. In a recent frenzy, a staggering quantity of over 1.6 billion Shiba Inu tokens were burned, causing shockwaves throughout the industry.

Simultaneously, preparations are underway for the imminent introduction of a fresh meme coin known as AiDoge into the crypto market.

Shiba Inu’s Value Fluctuates Amidst Burning Frenzy

The value of Shiba Inu (SHIB) has been experiencing significant fluctuations in recent weeks, and the fervor surrounding the burning frenzy has only added to the excitement. The Shiba Inu community has long advocated for the burning of tokens, and it appears that their desires have finally been granted.

The process commenced with the ShibaSwap DEX taking the initiative to burn 1.4 billion tokens on May 7, followed by an additional 200 million tokens a few days later. This move has been hailed as a positive stride by the community, as many believe it will contribute to amplifying the value of the remaining tokens.

In the world of cryptocurrency, token burning has gained widespread popularity over a considerable period. Many coins have embraced this strategy to reduce the supply of tokens and strengthen their value.

Nevertheless, the burning of Shiba Inu tokens sets an unprecedented record as the largest scale burn thus far. Despite the frenzy surrounding this token burning event, the future of the Shiba Inu coin remains uncertain.

The cryptocurrency market is notorious for its volatile nature, which means the value of the coin could continue to experience wild fluctuations in the weeks and months ahead.

The token burning from SHIB represents a positive step for the community and holds the potential to gradually enhance the value of the remaining tokens over the course of time.

Shibarium – Shiba Inu’s Evolution into a Decentralized Ecosystem

Shiba Inu remains at the forefront of innovation, constantly adapting to the ever-changing crypto market. With the recent implementation of the Shibarium update, the platform has undergone a significant transformation, evolving from a single cryptocurrency offering into a decentralized ecosystem.

This ecosystem will encompass a crypto exchange, metaverse, and blockchain-based games like Shiba Eternity.

One notable feature of Shibarium is its layer-2 blockchain solution, developed to address the limitations of Ethereum, such as slower transactions and higher gas fees.

To facilitate these changes, Shiba Inu has introduced a new token called BONE, which is distributed among stakeholders. With a total supply of 250 million BONE tokens, the SHIB community utilizes them for voting on governance matters and proposed modifications.

Unification Foundation, the company responsible for developing Shibarium, has issued an additonal update for the SHIB community regarding Puppynet. This update introduces the deployment of two tools, Verified Open Randomness (VOR) and Oracle of Oracles (OoO).

VOR generates genuine randomness for various applications like on-chain gaming, lotteries, and generative NFTs. OoO, on the other hand, safeguards against price manipulation and ensures optimal prices for decentralized investment funds.

The primary goal of this deployment is to kickstart the Oracle applications and effectively handle data requests. The Unification Foundation is committed to equipping SHIB community members with top-of-the-line tools that maximize their returns and enhance their net asset value.

Shibarium was specifically developed to fortify the SHIB ecosystem, with the Unification Foundation at the forefront of its development efforts.

Furthermore, the Unification team has successfully deployed the xFUND test token on the beta testnet and established a connection between L1 and L2, enabling seamless transfers of xFUND test tokens between the two layers.

The subsequent stage involves deploying the OoO and VOR Router smart contracts on Shibarium L2, followed by the activation of Oracle applications for data request fulfillment.

The implementation of these tools marks a significant advancement for the Shiba Inu community, as it equips them with stronger and more secure investment options. The deployment process is actively underway, and SHIB community members can look forward to forthcoming updates in the near future.

AiDoge To Revolutionize The Memecoin Landscape – Next SHIBA Competitor? 

Meme coins have become an exciting category of crypto tokens, attracting investors and leading to surges in prices. While Dogecoin epitomizes this trend, numerous other meme coins have emerged recently.

One such coin is AiDoge, which stands out for generating hype and serving a genuine purpose. Its presale has already raised close to $6 million, drawing investors seeking to participate. Here, we explore the AiDoge initiative and provide a comprehensive presale guide.


The AI token, built on the ERC-20 standard with a total supply of 1 trillion tokens, offers typical token features. The presale consists of 20 rounds, with 25 million tokens sold per round. Early participation is encouraged due to the expected rapid sell-out. Users can use several cryptocurrencies, and cards to purchase AiDoge.

AiDoge is an advanced platform that offers a unique meme generation experience tailored to the dynamic crypto environment. It incorporates AI-fueled meme generation, text-based prompts, and AI tokens as credits for purchases.

Users can easily create memes on AiDoge by inputting text prompts, which the AI algorithm transforms into captivating visuals. This inclusive feature ensures meme creation accessibility for all.

AI tokens serve as the primary currency on the platform, ensuring sustainability and ongoing improvements.

Through AiDoge’s voting mechanism, users can upvote or downvote memes, affecting their visibility on the public wall. Higher-scoring memes gain more exposure, motivating users to generate high-quality content. AiDoge sets a new benchmark for meme creation and crypto-related content development.

AiDoge’s incentive program rewards top meme creators with monthly AI token rewards, fostering community growth and active participation. Memes showcased on the Public Wall earn upvotes and downvotes, with the highest-scoring ones receiving AI tokens.

AiDoge combines meme culture with AI, aiming to revolutionize meme coins by merging innovative features with established concepts. Investors seeking compelling projects can explore the ongoing AiDoge presale – a project to likely outcompete niche market leaders such as Shiba Inu.

Related Articles

  1. AiDoge Price Prediction
  2. Best Memecoins to Buy

Smog (SMOG) - Meme Coin With Rewards


Smog token
  • Airdrop Season One Live Now
  • Earn XP To Qualify For A Share Of $1 Million
  • Featured On Cointelegraph
  • Staking Rewards - 42% APY
  • 10% OTC Discount -
Smog token

Join Our Telegram channel to stay up to date on breaking news coverage

Read next