1.2 Billion in SHIB Burned by Unknown Whale—Price Spikes 45%
An unknown whale address sent $1.2 billion worth of Shiba Inu $SHIB to a burn wallet, slashing total supply and triggering a historic 45% price surge overnight. Analysts are stunned by the move, calling it “one of the boldest burns in crypto history.” Rumors suggest an internal push by SHIB developers to rebrand SHIB as a serious DeFi player. Meanwhile, Dogecoin (DOGE) holders are panicking as SHIB outpaces DOGE for the first time in 12 months. SHIBArmy is celebrating the move as a turning point, pushing for listings on banks and integration with Polygon (MATIC). If the momentum continues, SHIB could break into the top 10 again.