SHIB Burns Surge Over 1,700% Amid Executive Caution on Supporting New Tokens
2025-07-12 09:07:17
Main Idea
SHIB token burns surged by 1,783% with over 1 billion coins destroyed, reflecting a deflationary strategy, while the SHIB marketing team cautioned against supporting new meme tokens without official endorsement.
Key Points
1. SHIB token burns increased by 1,783% in a week, with 1,053,508,245 SHIB removed from circulation.
2. The SHIB community actively participates in token burns to tighten circulating supply, a key deflationary strategy.
3. SHIB marketing lead Lucie warned against unofficial endorsements of new meme tokens, emphasizing official channels for promotions.
4. The SHIB team aims to maintain brand integrity by setting clear boundaries on promotional activities.
5. Daily burn metrics showed volatility, with a recent 72.71% decline compared to the previous day.
Description
Shiba Inu (SHIB) token burn rates have surged dramatically, marking a significant milestone in the meme coin’s deflationary efforts. Recent blockchain data highlights a 1,783% increase in SHIB burns, driven
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