DIGIVESTASI - In an important development that has caught the attention of cryptocurrency enthusiasts, the Shiba Inu (SHIB) development team is preparing for a large-scale memecoin burn. 

This strategic move comes after a series of small fires in recent months and ahead of a major upgrade to the Shiba Inu network, which marks a pivotal moment in the project's development. 

Shiba Inu Team's proactive approach 
Known for its proactive approach to managing the SHIB ecosystem, the memecoin team has burned more than 36 billion SHIB tokens in the past two months. 

This burn was funded by transaction fees generated within the Shibarium ecosystem, demonstrating the team's commitment to strategically managing the supply and value of tokens.

Cryptopolitan reports that this upcoming burn is expected to be a sea change, with approximately 9.25 trillion Shiba Inu tokens expected to be destroyed. This significant figure comes from the $1 million worth of BONE tokens reported by the group in November, equivalent to about 101.5 trillion SHIB. 
It is worth noting that the team is changing its data-logging strategy by introducing automated SHIB listing, abandoning the manual process they used previously.

This automation is expected to increase the efficiency, frequency, and number of engravings, as noted in a recent blog post by the Shiba Inu team. 

Strategic shift and future prospects 
Shiba Inu group's strategic shift to automated engraving shows great future prospects for the project.

By integrating automation, the team aims to simplify the listing process, contributing to supply management and the overall token value proposition. The move is poised to set new standards for other projects in the crypto sphere. But the development of the Shiba Inu ecosystem is not just limited to symbolic burning. The network is currently undergoing a major upgrade, with Puppynet trials being moved from Ethereum's Goerli network to Sepolia. 

This update demonstrates the team's commitment to improving network performance and scalability, aiming to enhance user experience and introduce new features to the SHIB ecosystem.  The Shibarium Network update marks an important milestone in Shiba Inu's plans, attracting the attention of investors and enthusiasts. The move is expected to position the SHIB ecosystem for further growth, with increased interest in the project's technological advancements and their potential impact on the competitive death of the cryptocurrency landscape.

The entire crypto community is closely watching the ambitious initiatives of the Shiba Inu team. The planned token burn and network update mark a new chapter in the development of the SHIB ecosystem. 

Investors and enthusiasts are paying close attention to this strategic move, realizing the potential for SHIB tokens to increase in value and utility.