SHIB Burn Rate Surges as Over 100 Million Tokens Are Removed

The SHIB burn rate has surged sharply, with over 100 million tokens burned in the last 24 hours.

Recently, the SHIB ecosystem observation platform showed that the daily burn rate of the token has seen an astonishing increase, with the total amount destroyed in one day exceeding 116 million SHIB. This wave of token burning operations has skyrocketed the daily burn rate to approximately 128,371%, indicating that the community and the burning mechanism are playing an increasingly active role.

The six burning transactions have become key drivers, with large-scale destruction enhancing market expectations.

A few days ago, it was observed through on-chain data that a total of six SHIB burn transactions were completed, among which the two largest burned 97,568,806 and 14,047,018 SHIB respectively, contributing significantly to the explosive increase in the daily burn rate. These tokens were sent to an unspendable blockchain black hole wallet, effectively permanently exiting the circulating market.

Before the deadline, the total burn amount of SHIB has reached 410.7 trillion, while the remaining circulating supply still exceeds 584.5 trillion. As the supply gradually decreases, some community investors are beginning to reassess the long-term value potential of SHIB.

Shytoshi Kusama dives again, the community stays calm.

The leader of the Shiba Inu project, Shytoshi Kusama, has not appeared on social media for nearly two weeks, especially remaining silent on platform X (formerly Twitter), where he is usually active. His last appearance was on May 30, when he posted a strong endorsement of the potential of AI combined with cryptocurrency technology and updated his X account’s personal status to indicate that he is writing a final white paper related to AI and SHIB.

Shytoshi also mentioned that he temporarily withdrew from the social circle to focus on AI, Web3, and collaboration plans with venture capital, and he announced that he would return to the community in about a month. The SHIB community reacted relatively calmly to his departure, as this is not the first time; everyone is already accustomed to his periodic disappearances.

The burning mechanism and community dynamics are still key.

Although the price of SHIB has not seen a significant breakthrough recently, the sudden surge in the burn rate undoubtedly brings a new wave of attention to the market. Whether for short-term speculation or long-term holders, such a token reduction mechanism has the potential to reshape the supply and demand balance of SHIB. Coupled with the leaders’ efforts to integrate advanced strategies with AI and Web3, the future value of SHIB is no longer limited to the image of a meme coin. Whether it can transform into a technology-driven project is worth ongoing attention from investors.

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Summary

Although SHIB started as a meme, it is gradually moving towards deflation and technological transformation with a large community base and active burning policies. The low profile of key figures may also imply that a transformation is quietly underway. The future direction of SHIB will depend on whether its ecosystem can truly mature and find practical applications.