I just noticed that the Shiba Inu burn activity has increased quite significantly—about 237% compared to normal days. The blockchain tracker recorded over 15.5 million SHIB removed from circulation through transactions on that day, which is quite impressive.



The interesting part is that there were up to 10 burn transactions happening simultaneously, and I saw an address linked to Robinhood also ranked among the top 10 addresses burning the most SHIB in the past 30 days. This means not only the community but also exchanges are participating in reducing the supply.

However, the strange thing is that the SHIB price only increased slightly by 0.24% that day, fluctuating around $0.000005917. Now, the price has dropped to $0.00, with a -3.04% decrease in the last 24 hours. So even though the burn activity spiked, the market didn't react strongly—possibly due to selling pressure from other sources or a lack of market confidence.

But in the long term, continuous reduction of supply through this burn mechanism remains a positive signal. The total value of SHIB burned is about $91, which seems small but reflects ongoing commitment from the community and exchanges. Shiba Inu burn continues steadily, demonstrating that the deflationary strategy is being implemented systematically.
SHIB-1.29%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin