SHIB Burn Rate Surges Over 16,000% Amid Community Poll on Future SHIB-BONE Token Burns

Key Points

1. SHIB burn rate increased by 16,717% in 24 hours, with 602,041,022 SHIB tokens burned, and the weekly burn rate rose by 369.03%.

2. A community poll led by Shytoshi Kusama is determining whether future burns should focus on SHIB, BONE, or both, based on price thresholds.

3. The leading poll option proposes burning BONE when its price is at or below $2 and burning SHIB when BONE's price exceeds $2.

4. Burns are facilitated by the Shibarium layer-2 network, where part of the gas fees paid in BONE are converted into SHIB tokens for burning.

5. The poll empowers holders to influence token supply dynamically, reflecting strong community commitment to reducing SHIB's circulating supply.