SHIB Staking Could Spark Supply Shock
Shiba Inu staking impact has actually reached some pretty critical levels right now, with $58.7 million worth of SHIB tokens being locked up in various contracts. This massive Shiba Inu staking impact is creating what we’re seeing as SHIB supply shock conditions that could really drive significant Shiba Inu scarcity and boost prices for Shiba token holders. Shiba Inu Staking Impact May Trigger SHIB Supply Shock and Price Rally Source: Watcher.Guru Massive Token Lockup Reduces Circulation The Shiba Inu staking impact has actually intensified quite dramatically, with investors now staking around 4,646,357,726,944 SHIB tokens according to current data. This represents a substantial portion that stakers are removing from active trading, creating these artificial SHIB supply shock conditions. SHIB supply dashboard showing staking statistics and burn data – Source: Shibburn With about 584,601,573,064,052 SHIB tokens remaining in circulation at the time of writing, the staking mech...