#shiba⚡

Shiba Inu's burn rate has skyrocketed recently, climbing by around 250% in September alone, with over 2.37 billion $SHIB tokens removed from circulation.

This burn activity, driven by the $SHIB community, aims to reduce the total supply and potentially increase the token's price.

One major event that contributed to this increase was a burn from a Binance-linked wallet, which destroyed nearly 1.87 billion SHIB in a single transaction on September 26.

This transaction alone accounted for the majority of SHIB burned that month, highlighting community commitment to SHIB's deflationary goals.