EverGrow destroys Shiba Inu’s token burn rate in “deal of the century”

EverGrow, a crypto token first launched back in September 2021, has taken back its crown from Shiba Inu, as the burn token to watch! Just a week ago, Shiba Inu announced a 40 milllion token burn, but amongst all the hype, analysts were keen to point out the low value of that burn; just $440.

EverGrow, a sleeping giant of crypto, announced one of the biggest burns in crypto history yesterday, burning nearly 9 trillion tokens in one day. The value of these tokens was an eye-watering $618,000, over 1400 times bigger than the Shiba Inu recent burn. With Shiba Inu sitting at a current $6.4 billion value, and EverGrow at just $30 million, there seems to be a real disconnect in the comparative value of these two tokens.

Beyond this one-day burn, EverGrow is burning a significantly higher number of tokens than Shiba Inu on a daily basis – around 71 billion, versus Shiba Inu's paltry 250,000. This ranks EverGrow at the very top of deflationary tokens worldwide.

EverGrow's incredible $618,000 burn was the result of what many in the EverGrow community are calling the "deal of the century". After protracted and intense negotiations, the EverGrow management team were able to convince their leading investor, an Asian Whale, to part with 29 trillion tokens in an over-the-counter deal valued at just $600,000. This deal was carried out to make their holder table more secure and attractive to new and existing investors. In a Tweet from EverGrow's official account, the team thanked their No.1 holder for his "generosity", stating they were "lucky to have" him.

ECGfam this is a VERY IMPORTANT announcement!

We have come to an agreement with our biggest whale to buy back 28.9722 trillion EverGrow tokens for the dramatically reduced price of 600,000 BUSD. Yes, you read that right: 28.9722 TRILLION EGC!

The number 1 wallet has been a…

— EverGrow (@evergrowcoinEGC) April 2, 2023

As part of the deal, the EverGrow team acquired 29 trillion tokens, with a market value of over $2 million. They immediately burned 9 trillion tokens, will be distributing a further 10 trillion tokens to holders in the future, and will be offering an over-the-counter sale of the remaining tokens to recoup their spend. This incredible deal has all the hallmarks of EverGrow's Chairman Sam Kelly's astute business experience, and has undoubtedly improved the fortunes of all EverGrow holders. Sam regularly states that his mission is to drive EverGrow to be a top 10 crypto, which would mean huge upside from their current low market cap.

With a major upgrade of EverGrow's popular NFT Marketplace, LunaSky, due shortly, and the much-anticipated launch of Atlas Wallet just around the corner, EverGrow could be the comeback story of 2023.