$SHIB recently had a big token burn, where over 1 billion $SHIB were sent to a dead wallet to reduce the total supply. This shows the community's strong support for keeping SHIB deflationary, meaning they want to slowly decrease the number of tokens in circulation.

The burns are being done by anonymous wallets, and there’s no sign that big financial institutions are involved. Even though the official developers haven’t made any public comments, blockchain trackers clearly show these large burns happening.