The SHIB community executed a massive token burn campaign, destroying 1,053,508,245 SHIB tokens last week – representing a staggering 1,783% weekly surge in burn volume. This aggressive reduction in circulating supply forms part of the project’s core deflationary strategy to create scarcity.
The SHIB marketing lead Lucie simultaneously addressed emerging security concerns, cautioning crypto enthusiasts against endorsing new meme tokens falsely attributed to the SHIB team’s promotion. Her advisory emphasized that genuine collaborations or token launches will be exclusively announced through SHIB’s verified communication channels.
While celebrating the community burn initiative, Lucie reinforced the need to establish strict promotional boundaries to prevent brand dilution and maintain ecosystem integrity. Daily burn metrics exhibited volatility despite the weekly surge, showing a 72.71% daily decline immediately following the record destruction period.