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Shiba Inu Fans Stunned by 5.5 Billion Token Burn

  • Over 5.58 billion SHIB tokens, worth $100,019, were burned, sparking speculation in the Shiba Inu community.
  • The burn was carried out by an anonymous user, leading to theories about the motivations behind it.
  • Theories ranged from the burn being orchestrated by the Shiba Inu team or Binance, but it was revealed to be the work of the Shiro Neko team.
  • Susbarium warned SHIB investors to be cautious of projects using token burns as promotions and offered tips for assessing legitimacy.

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