In an aggressive move to tighten its tokenomics, the Shiba Inu (SHIB) team has executed another major burn — eliminating over 15 million SHIB tokens from circulation in a single transaction!
Specifically, 15,239,220.91 SHIB were sent to a dead wallet, pushing the total burned amount to an eye-popping 819 million SHIB.
This bold step is part of SHIB’s ongoing mission: reduce circulating supply, increase scarcity, and fuel long-term price potential.
🧨 But here's the twist:
While SHIB’s burn initiatives have previously witnessed explosive spikes, the current data reveals a concerning trend — the overall burn rate has dropped by 60.65% recently.
This volatility leaves the community wondering: is another major supply shock building up, or will the burn momentum need a fresh spark?
Latest Market Stats:
Current Price: ~$0.00001428
24H Price Change: +0.0099%
Intraday High: $0.0000151
Intraday Low: $0.00001385
Despite market uncertainty, Shiba Inu’s team remains laser-focused on its deflationary strategy. With supply tightening and community engagement growing, many believe SHIB could be gearing up for its next big breakout.
🚀 Stay tuned — SHIB’s story is just heating up!