Shiba INU, the memecoin, recorded a record increase in tokens burned in the last 24 hours: over 8.53 billion SHIBs removed from circulation, more than 161,500% compared to those burned the previous day.
This increase was attributed to the partnership between Shiba Inu and D3 Global, a marketing and PR company.
D3 Global launched a SHIB burning campaign, in which it invited users to burn their tokens in exchange for rewards, i.e. a series of exclusive NFTs, merchandise and opportunities to participate in exclusive events.
The campaign was an immediate success, with thousands of users burning their SHIBs and therefore led to a significant reduction in the circulating supply of SHIBs.
In addition to the partnership, Shiba Inu announced the launch of SPONGE V2, a DeFi protocol that allows users to earn interest on their SHIBs.
The advantages are many, lower taxes, high returns and greater security.
In short, the record increase in tokens burned, the partnership with D3 Global and the SPONGE V2 launch are all very positive factors for SHIB. These developments could help grow the cryptocurrency and make it more attractive to investors.
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