Shiba Inu Burns 537M SHIB — Burn Rate Soars 3,484%, Ecosystem Expansion Unfolds

The Shiba Inu ($SHIB) community executed a massive burn of 537 million tokens in 24 hours, triggering a 3,484% surge in burn rate. A single anonymous wallet alone accounted for over 521 million SHIB across three major transactions.

Weekly burns topped 687 million, marking a 481% increase, with SHIB’s price bouncing back 5% post-Friday dip—potentially influenced by heightened burn activity and investor sentiment.

Meanwhile, SHIB’s lead developer Shytoshi Kusama teased an upcoming AI whitepaper, signaling deeper innovation. Additionally, the team launched Shiba Alpha Layer, a Layer-3 scalability solution on Shibarium, reinforcing the project’s evolution from meme coin to a functional decentralized ecosystem.

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