Shiba Inu HUGE token burn – will SHIB price react?

Shiba Inu always responds to a massive burn with a price pump. 

For example, when Vitalik Buterin burned 41.02% of the entire Shiba Inu supply in May 2021, Shiba Inu gave the highest ROI seen all year in any crypto. From January through to October of that year the Shiba Inu price rose over 40,000,000%.

You could have become a millionaire in 10 months after investing just $2.50. 

Insane. That's why Shiba Inu has become such a popular investment, and why hundreds of thousands of supporters love burning SHIB. On November 20th, the Shiba Inu burn rate pumped over 120% compared to the day previous – but there wasn't a price pump.

So what went wrong? And why should Shiba Inu fans be checking out EverGrow to diversify their portfolio for maximum ROI?

Shiba Inu on track for lowest burn in 18 months

Shiba Burn Tracker data shows that Shiba Inu is on track for one of its worst monthly burn rates ever. 

The burn rate might have pumped 120% on November 20th – but it wasn't very high to start with. Fans have destroyed just 370 million SHIB (worth around $3,200) compared to 882 million in October, and 31 billion back in May. 

It's not likely that a $3,200 burn will affect a token with a $4.7 billion market cap. The burn needs to take a significant amount away from the circulating supply for that to happen.

But hold on. Such a situation has happened with another token: EverGrow.

Read more about EverGrow: https://evergrowegc.com/

EverGrow burning 3,500x faster than Shiba Inu 

The world's leading hyper-deflationary token (EverGrow) has just burned $144,000 worth of its supply, and the market cap is just $41 million. The EverGrow burn rate has spiked 5,750% in November vs October and is the highest it has ever been.

It's a golden opportunity for anyone seeking maximum ROI in the next 12 months.

So how does it work?

EverGrow is a hyper-deflationary token. Which means it burns tokens just like Shiba Inu, but it makes the process automatic. Talk to any EverGrow investor and they'll probably tell you the burn mechanism is far better than Shiba Inu too.

It all starts with a 14% transaction tax, and 2% of this which is used to burn EverGrow tokens on repeat.

It's a high tax – but keep reading, because you could be about to earn some insane ROI.

EverGrow is now burning tokens 3,500x faster than Shiba Inu this November. Both Shiba Inu and EverGrow have an original supply of 1 quadrillion – but while 370 million SHIB have been destroyed in November, over 1.3 trillion EGC has been destroyed.

Shiba Inu burn has not burned 1 trillion tokens since the Vitalik Buterin burn 18 months ago. Shiba Inu burn wallets hold just 41.04% of the SHIB supply today, so despite 18 months and millions of fans, the needle has moved just 0.02%.

Read more about EverGrow: https://evergrowegc.com/

EverGrow burning $500 every hour

In November the EverGrow team is not only burning with the tax, but also buying $500 of EverGrow and burning it every hour. 

Yes, that's 500$ for the price charts, every hour. Since November 9th this has destroyed 0.3% of the circulating EverGrow supply and the hourly burn will keep up until at least the end of the year.

How is EverGrow financing this?

A further 2% of each EverGrow 14% transaction tax is set aside to fund ecosystem development. In September, EverGrow launched an NFT marketplace – LunaSky – which was the first in crypto to send 100% of all revenue towards buying back and burning EverGrow.

And it's these funds which were deployed via a smart contract on November 9th to begin buying and burning $500 of EverGrow every hour. More than $150,000 has been burned so far and the team aren't even halfway through the funds available.

While EverGrow burned 22 billion EGC tokens in October, it burned 1.3 trillion in under two weeks in November. A huge ramp up.

Anyone buying EverGrow in November can expect a significant price pump – probably before the next bull market, even the end of the year. 

EverGrow has a price of just $0.00000008 and is in prime position for a price increase.

Read more about EverGrow: https://evergrowegc.com/