Wow! 1.3 bn SHIB tokens burned.
That's like... erm... 0.0002%. Less wow!
Burn 1 trillion, then report back.
Better still, learn some shitcoin economics.
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Still the supply is in trillions and that's why even the billion burn means nothing. Maybe burning few trillion shiba will have done good impact.
I think they can do that
But who cares? Burning remains stupid - is just supply-side manipulation.
If they can buy back from global market and then burn them then it will help right ? for now every burn i see is pointless , like on hive also i saw people seeing beneficiary to 100% sending to null and saying that we are burning tokens but that will not help.
Buy back and do the activities on them.
This are right but people now a days see nothing events as game changer. There are people who start buying tokens after hearing burning news because they think price will rise.
Reality as you said it is just supply aide manipulation.
What does work is buybacks of coins that have a yield, as that increases the yield on existing tokens - it works even better if that yield is NOT even more tokens! lmao.
eg this is why BYT tokens pay out in a different coin, HIVE :-)
Also, taking coins out of circulation is not the same as burning them - no ruling structure has ever burned its coinage - like throwing it in a volcano! They have melted down coins... to produce more new coins. Different.
This warm-up lap, they'll burn more shiba.
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