Shiba Inu Burn Rate Surges Over 1600%, Circulating Supply Remains Largely Unchanged

2025-07-09 12:58:46

Main Idea

The Shiba Inu (SHIB) token burn rate surged by over 1,600%, with more than 1 billion tokens destroyed, highlighting community-driven efforts to reduce supply and increase scarcity.

Key Points

1. SHIB burn rate increased by 1,639% in the past week, with over 1 billion tokens removed in a single transaction.

2. Daily burn volume recently reached 11.2 million SHIB, but this is a 99% decline compared to the peak burn day.

3. Token burns are a strategic approach to supply management, with 'inferno wallets' ensuring tokens cannot be retrieved.

4. Despite aggressive burns, SHIB's total supply remains extremely high, exceeding 589 trillion tokens.

5. The SHIB community's ability to maintain or increase burn rates will be crucial for future market stability and token value.

Description

The Shiba Inu (SHIB) community is intensifying efforts to reduce the circulating supply through consistent token burns, signaling a strategic move to enhance scarcity. Despite significant daily burns, the total

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