In a stunning move by the Shiba Inu community, the SHIB burning rate exploded by an astronomical 65,529% over the last 24 hours! With millions of SHIB tokens transferred to “burn” wallets (making them unspendable), the #SHIBArmy is on a mission to reduce SHIB’s circulating supply and boost its value over time.
A Day of Record-Breaking Burns Data from #SHIBburn, a popular transaction tracker, reveals the eye-popping numbers: 2,652,095 SHIB coins were sacrificed to burn wallets in the past day alone. The community saw six major burn transactions in total, with the largest burn activities happening just 22 and 5 hours ago, each wiping out over 1.5 million SHIB. Intriguingly, both burns were conducted by the same mysterious wallet ending in -521f.
Despite the massive burn wave, SHIB’s price dipped by 3%, leaving some to wonder how long it will take for the price effects to catch up with this ambitious burn initiative.
Tracking the Total Burned: Over 410 Trillion SHIB Gone Forever The #SHIBArmy has burned an astounding 410.7 trillion SHIB tokens to date—nearly half of the original 1 quadrillion supply! This colossal burn is part of the community’s ongoing efforts to build scarcity for the meme coin and drive long-term value.
Shibarium’s Growth Hits New Highs
As the SHIB community continues to burn tokens, Shibarium, Shiba Inu’s layer-2 blockchain solution, has been on a tear as well. According to Shiba Inu’s marketing lead, Lucie, Shibarium saw incredible activity this week, with daily transactions skyrocketing from 1.7 million on October 22 to a record 4.77 million on October 24—a 180% surge in just two days!
Not only are transactions booming, but the number of new accounts on Shibarium is surging, growing from 127,588 on October 21 to 171,199 on October 25. The project is moving into “major development mode,” says Lucie, with the team doubling down on the roadmap for Shibarium’s future.
A Final Word: What’s Next for $SHIB? The SHIB Army’s dedication to shrinking the token supply—along with the rapid expansion of Shibarium’s ecosystem—demonstrates the strong community and vision behind Shiba Inu. While SHIB’s price may not have responded immediately, these burns and Shibarium’s continued growth are setting the stage for potential future gains.
Stay tuned to see how these developments shape SHIB’s future, and as always, stay informed and stay safe in the crypto space!
#SHIBArmy🔥 #BurnRateSurge #CryptoCommunity #ShibariumRising
