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In recent developments, the SHIB Dream NFT has carried out a substantial token burn, removing nearly 550 million Shiba Inu tokens from circulation, effectively transferring them to a dead wallet this month. Over the past 14 days, approximately half a billion SHIB tokens were taken out of circulation through Shibarium, marking the most significant token burn event in November. This initiative was orchestrated by third-party SHIB Dream NFTs.



The SHIB Dream NFTs operate on the Shibarium layer-2 solution, delivering valuable use-cases to users within the network. A spokesperson from the Shiba Inu team has commended this token burn initiative, as it significantly contributes to reducing the overall supply of SHIB tokens.

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