Shiba Inu Skyrockets 5,223% in Burns as Millions of SHIB Vanish

Shiba Inu Burn Rate Skyrockets, Signaling Community Commitment to Reduce Token Supply

The dog-themed cryptocurrency Shiba Inu (SHIB) has experienced a remarkable 5,223% surge in its daily burn rate, as millions of SHIB tokens were permanently removed from circulation. According to the SHIB burn tracker, Shibburn, this spike saw tens of millions of Shiba Inu tokens being sent to dead wallets in a coordinated effort to reduce the total supply.

In the last 24 hours, 21,292,085 SHIB tokens were burned, marking a significant 5,223% increase in the burn rate. Additionally, 148,506,693 SHIB tokens were burned in the past seven days, representing a 25.31% surge in the weekly burn rate.

Shiba Inu's chief ambassador, Shytoshi Kusama, has returned to X (formerly known as Twitter) after weeks of public silence. His series of posts hinted at an ambitious new direction, offering a glimpse into SHIB's future that revolves around a "final white paper," artificial intelligence, and a daring vision for a "new age."

At the time of writing, SHIB was up 1.74% in the last 24 hours, trading at $0.00001281. After three consecutive days of drops, Shiba Inu recovered from lows of $0.00001226 on Saturday, and bulls are seeking to sustain the rebound, pushing the price to $0.00001294 in the early Sunday session.

The ShibDAO: A Decentralized Autonomous Organization Empowering the Shiba Inu Community

The ShibDAO, Shiba Inu's long-awaited Decentralized Autonomous Organization, is now live and ready to fundamentally reshape how decisions are made and the community steers its ship. This milestone represents the true handover of the keys, ushering in an era in which the Shib Army governs rather than simply participating.

The ShibDAO is the Shiba Inu community's parliament, built on transparent and immutable blockchain code. The plan is for the Shiba Inu Karma system, once fully released, to potentially act as a multiplier, increasing the voting power of dedicated and positive ecosystem contributors.

• SHIB Price: $0.00001292 (1hr 0.53% ▲ | 24hr -1.39% ▼)
• Market Cap: $7,612,060,617 (-1.44% ▼)
• Total Supply: 589,251,234,716,565
• Tokens Burnt:
  • Past 24 Hours: 21,292,085 (5223.02% ▲)
  • Past 7 Days: 148,506,693 (25.31% ▲)