#Shiba

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𝙎𝙝𝙞𝙗𝙖 𝙄𝙣𝙪 𝙘𝙤𝙢𝙢𝙪𝙣𝙞𝙩𝙮 𝙝𝙖𝙨 𝙣𝙤𝙬 𝙗𝙪𝙧𝙣𝙚𝙙 𝙖 𝙩𝙤𝙩𝙖𝙡 𝙤𝙛 1.31 𝙗𝙞𝙡𝙡𝙞𝙤𝙣 𝙎𝙃𝙄𝘽 𝙩𝙤𝙠𝙚𝙣𝙨 𝙩𝙝𝙧𝙤𝙪𝙜𝙝 𝙨𝙩𝙧𝙤𝙣𝙜 𝙜𝙧𝙖𝙨𝙨𝙧𝙤𝙤𝙩𝙨 𝙚𝙛𝙛𝙤𝙧𝙩𝙨 𝙡𝙚𝙖𝙙𝙞𝙣𝙜 𝙩𝙤 𝙚𝙘𝙤𝙨𝙮𝙨𝙩𝙚𝙢 𝙜𝙧𝙤𝙬𝙩𝙝.

Shiba Inu has marked a major milestone as its community-driven burn initiative reaches an all-time total of 1.31 billion SHIB, as highlighted by Shibizens on X. This figure represents the cumulative effort of holders since the start of the burn movement, not just a single-day event.

Unlike traditional token burns carried out solely by developers or foundation teams, Shiba Inu’s burn campaign is a community-led mission. In this system, supporters voluntarily send their SHIB tokens to a special “dead” wallet, making them permanently inaccessible.

This process effectively destroys the tokens and reduces the token’s circulating supply. The idea behind burning is to decrease supply and increase scarcity, which may support higher prices in the future.

According to Shibburn, a leading tracker of Shiba Inu burns, around 30 million SHIB tokens were destroyed in the past 24 hours alone. Over the last seven days, about 243 million SHIB have been permanently removed from circulation.

These numbers reflect strong ongoing participation from the community. Even with these impressive totals, Shiba Inu still has an enormous circulating supply. At present, over 589 trillion SHIB tokens remain active.

This means continued burning is essential if the community hopes to achieve significant scarcity over time

Over the past 24 hours, SHIB price has slightly declined by about 1.5%, trading around $0.000017 at the time of writing. Many community members understand that the burn actions are part of a longer journey toward a more stable and robust token ecosystem.