Shiba Inu (SHIB) celebrated its fourth anniversary on August 1, marking significant progress for the meme coin. Over the past month, the token experienced substantial activity related to token burns. In July alone, more than 379 million SHIB tokens were burned.
Token burning is a strategy used to decrease the circulating supply of a cryptocurrency, potentially increasing its value. This recent burn highlights the community's ongoing efforts to influence SHIB's market dynamics.
