🔥Shiba Inu ($SHIB) just saw a major burn event, with over 521 million tokens destroyed in just 24 hours — a whopping 3,194% spike. A single whale wallet burned over 500 million SHIB alone, joined by others in a coordinated burn effort.
However, despite the excitement, this is still a small dent in SHIB’s massive 589 trillion total supply. Price remains steady around $0.000012, and the market cap holds at $7B.
Rumors are swirling that lead dev Shytoshi Kusama may be preparing a major update — possibly tied to Shibarium — which could act as a new catalyst.
Bottom line: The burns show community strength, but real price impact will depend on combining hype with real-world utility. Keep watching for dev moves and ecosystem growth.
