The #ShibaInu ($SHIB) community has executed another significant token burn, reinforcing its commitment to a deflationary model. In the past 24 hours alone, over 537 million SHIB tokens were permanently removed from circulation, marking a remarkable 3,484% increase in the daily burn rate.
Massive Burn Led by Anonymous Wallet
A single unidentified wallet, ending in -82019a, played a pivotal role in this record-setting event. In a series of five transactions executed within minutes, the wallet contributed a total of 537,187,730 SHIB to the burn. The transactions included individual burns of approximately 310.7 million, 107.3 million, and 103.2 million SHIB.
Weekly Burn Total Exceeds 687 Million $SHIB
This surge in daily burns also had a notable impact on weekly statistics. In the past seven days, over 687 million SHIB tokens have been destroyed, reflecting a 481.17% increase in the weekly burn rate. Analysts attribute the majority of this spike to Friday's large-scale burns.
Positive Market Response
Following the latest burn wave, SHIB’s market price saw a modest recovery, rising by 5% after experiencing a recent decline. Experts suggest that the combination of increased burn activity and renewed community engagement may have contributed to this price rebound, though they caution that broader market trends remain influential.
Shytoshi Kusama Reveals Upcoming AI Whitepaper
In a notable development, Shiba Inu’s enigmatic lead developer Shytoshi Kusama ended a prolonged period of silence by sharing insights via Telegram, relayed by SHIB Marketing Lead Lucie. Kusama revealed that a long-anticipated whitepaper on artificial intelligence is nearing release, hinting at the project’s future direction.
> “I’m going to explain what I’ve laid out here and organize it so we can start moving forward,” Kusama stated.
“They don’t understand how I work, and they don’t need to,” she added, addressing concerns around transparency and scams.
Introducing Shiba Alpha Layer: The Next Step in Evolution
As part of its broader transformation, the Shiba Inu team announced the launch of the Shiba Alpha Layer, a Layer-3 scalability solution built atop Shibarium, the project's Layer-2 blockchain. The Alpha Layer represents a strategic shift toward utility, scalability, and real-world applicability, aligning with Shiba Inu’s goal of evolving beyond its origins as a meme coin.
Looking Ahead
These developments underscore Shiba Inu’s dedication to its core principles—decentralization, deflationary economics, and community-driven innovation. As the SHIB ecosystem continues to expand with AI integration and new blockchain layers, the project is positioning itself as a serious player in the Web3 space.
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