🔥 $SHIB Burn Rate Skyrockets 4,000% After Whale Transaction!
The Shiba Inu (SHIB) ecosystem just witnessed a massive spike in its token burn rate — surging over 4,000% in 24 hours, largely triggered by a whale-sized transaction that sent millions of tokens to a dead wallet.
🐋 What happened?
• A single large wallet burned a significant amount of SHIB in one transaction
• Community-driven burns also contributed to the surge
• Over 100 million $SHIB tokens were removed from circulation in a day
💡 Why this matters:
• Token burns reduce supply — potentially increasing scarcity over time
• Shows continued community and whale engagement with SHIB’s deflationary model
• Could act as a long-term bullish signal if consistent burning continues
🔥 $SHIB isn’t just barking — it’s burning.
