Recently, the well-known encryption currency SHIB launched a brand new token burning mechanism on the Base public chain. This mechanism is mainly implemented through creator token activities, and the effects are significant. According to statistics, within just 24 hours, this mechanism successfully destroyed over 600 million SHIB tokens, equivalent to about 8300 US dollars at current market prices.

As the influence of SHIB in the Base ecosystem continues to grow, it is anticipated that the future token burn rate may accelerate further. This practice of reducing circulation through burning is expected to bring more value support to the SHIB token.

It is worth noting that industry experts predict that another important token in the SHIB ecosystem, $BONE, may become the focus of the next round of burning activities. This indicates that the SHIB team is actively exploring diversified token economic models to sustain the long-term healthy development of the ecosystem.

Overall, this innovative burning mechanism not only showcases the strategic vision of the SHIB project team but also provides a noteworthy case for the entire encryption industry. As this mechanism continues to operate, we will eagerly observe its long-term impact on the value of SHIB tokens and the overall ecosystem.