Shiba Inu Burn Rate Soars: Over 223 Million SHIB Destroyed in Last 7 Days
The Shiba Inu community continues its efforts to reduce the circulating supply of SHIB tokens, and the past week has seen a significant surge in the burn rate. Over 223,264,370 SHIB tokens have been burned in the last 7 days, impacting the overall token supply and potentially influencing its value. Can the burning continue and have a real long-term impact on the price?
Follow the Shiba Inu token evolution. Why burn Shiba? The chart has 1 Y axis displaying Tokens. Data ranges from 4019 to .... The rationale behind burning Shiba Inu tokens is to create scarcity, a key driver for potential price appreciation. By permanently removing tokens from circulation, the remaining supply becomes more valuable, assuming demand remains constant or increases.
Dramatic Spike in Burn Rate: 1081.96% Increase
Shiba Inu’s burn rate increased dramatically by 1081.96% on Nov 23. This explosive growth highlights the volatile nature of the burn process and the impact of individual large burns. One transaction in particular, which burned 127.8 million SHIB tokens, is to be held responsible for Hace 5 días. These large burns are often driven by community initiatives and strategic burns by developers.
Burning Continues: 317% Jump Reported
The popular memecoin Shiba Inu continues to witness a substantial number of tokens removed from its total circulating supply. It saw a 317% jump in its burning rate over a recent period, demonstrating the ongoing commitment of the Shiba Inu community to reduce the token supply. As the 21 de sept. de 2025 approaches, many are watching to see if the burn rate will accelerate further. Monitoring platforms provide real-time data on SHIB burns, allowing users to track the progress and impact of these efforts. Keep up to date with the latest Shiba Inu burning news!