.Shibburn Hundreds of millions of $SHIB burned this week Shibarium ShytoshiKusama
"Burning" coins is nothing but sending them to wallets from which crypto cannot possibly be spent or otherwise withdrawn. The goal is to gradually reduce the circulating supply in order to make the coin deflationary and scarce, which in the long run may lead to a substantial price increase.This technique has mainly been adopted by meme coins , but also Ethereum, BNB and a few other tokens.
Still, despite roughly 500 trillion SHIB having been burned already , this fact has hardly had any noticeable impact on the meme coin's price.
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