Shiba Inu’s Burn Rate soars 8,470%: Why it keeps burning billions—And what it means for investors.
The burn rate of Shiba Inu (SHIB) has soared by an eye-watering 8,470% following a colossal token burn executed by an anonymous wallet. According to data from Shibburn, a well-known blockchain tracker, a wallet identified as ‘0x55B…182E3’ transferred 1 billion SHIB tokens to the official burn address in a single transaction.