The Shiba Inu community is actively considering burning SHIB tokens that are held on Binance and Coinbase to reduce its circulating supply to a great extent. In fact, in a recent poll undertaken by ‘Shiba Arab Army’, community feedback was taken on this proposal, and 95% proved to be in favor. This step’s primary goal is to increase the value of SHIB by decreasing its supply, which is similar to Ethereum co-founder Vitalik Buterin’s decision and the ongoing efforts by the community. Also, Binance has a history of token burns like LUNC, hinting at a potential collaboration that could significantly impact the market dynamics of SHIB along with a optimistic reinforcement of investor sentiment.

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