Shiba Inu recently launched a new burn portal aimed at reducing the total supply of SHIB tokens. This move is intended to create scarcity and potentially drive up the price of SHIB.
The effectiveness of this burn portal in impacting SHIB’s market value is under scrutiny. Market participants are closely watching to see if the token burn will translate into higher prices.
Initial reactions have been mixed, with some optimistic about the long-term benefits while others remain skeptical about immediate price changes.
