The Shiba Inu (SHIB) community has done it again — setting the crypto space ablaze.
In the past 24 hours, SHIB’s token burn rate exploded by 28,554%, signaling renewed strength and confidence within the ecosystem. The sudden surge not only reduces circulating supply but also fuels speculation that a major price breakout could be on the horizon.
29.4 Million SHIB Gone Forever
According to Shibburn, a total of 29,440,541 SHIB tokens were permanently sent to dead wallets — addresses that no one can ever access.
This burn pushed the total destroyed supply to a staggering 410.75 trillion SHIB.
The mechanism, driven by both community initiatives and automated systems, serves as a deflationary strategy aimed at reducing inflation and increasing the scarcity of remaining tokens.
As supply drops and demand rises, prices typically follow — and the SHIB army knows that well.
SHIB Community Accelerates the Burn — Whales and Shibarium Take the Lead
This isn’t the first time SHIB’s burn activity has gone wild.
In recent weeks, the memecoin has seen several massive spikes, including a 27,000% surge and over 43 million SHIB burned in a single day.
Such spikes often coincide with community-led campaigns, whale transactions, or milestones linked to Shibarium, the growing Layer-2 network powering the Shiba Inu ecosystem.
Historically, these burn surges have led to price rallies, with SHIB climbing 4–5% and testing the $0.00002 level.
Market Reaction: SHIB Turns Green
The latest burn event triggered immediate optimism.
SHIB’s price rose 2.45% to $0.00001049, while trading volume jumped 79% to $175.6 million — a clear sign of growing trader engagement.
Analysts say that if this trend continues, SHIB could experience a bullish wave with gains up to 670%, especially as token scarcity intensifies and sentiment strengthens.
Fewer Tokens on Exchanges = Less Selling Pressure
A key bullish indicator emerged as exchange inflows dropped over 62% in just 24 hours — equivalent to 1.008 billion SHIB withdrawn from trading platforms.
This drop signals that fewer holders are preparing to sell, reflecting stronger investor confidence and potential long-term accumulation.
Combined with the massive burn rate spike, the reduced supply on exchanges could set the stage for new local highs in SHIB’s price action.
Summary: The SHIB Fire Burns Brighter Than Ever
Shiba Inu is back in the spotlight — and this time, the flames are spreading fast.
🔹 29.4 million SHIB burned in 24 hours
🔹 Burn rate up 28,554%
🔹 Trading volume up 79%
🔹 Exchange inflows down 62%
With community momentum rising and supply shrinking, Shiba Inu may soon shock skeptics once again — reclaiming its position as one of the year’s top-performing memecoins.
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