- Shiba Inu’s burn rate soared by 2,416% as over 53.8 million SHIB tokens were permanently removed from circulation, triggering a 4.8% price increase.
- The coordinated burns, combined with Bitcoin’s rally and positive macro news, created a perfect storm that boosted SHIB’s momentum and market sentiment.
In a fiery display of community-driven deflationary action, the Shiba Inu (SHIB) ecosystem just witnessed one of its most intense token burn events to date. A staggering 53.8 million SHIB tokens were permanently removed from circulation in the last 24 hours, causing the burn rate to skyrocket by 2,416%, according to data from Shibburn.
This isn’t just random dust burning. Three major transactions – including burns of 23 million, 14 million, and 11 million SHIB – led the charge, showcasing a coordinated effort by dedicated holders to reduce supply and boost value. The move reflects a growing strategic focus within the SHIB army to aggressively implement its deflationary roadmap.
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The burning momentum wasn’t limited to weekdays. Over the weekend, SHIB holders torched an additional 38 million tokens, further underscoring the project’s consistency in reducing circulating supply. With weekly and weekend burns now becoming the norm, the Shiba Inu community appears to be following a calculated playbook rather than relying on sporadic enthusiasm.
Unsurprisingly, the market responded. SHIB’s price jumped 4.8%, rising from $0.00001408 to $0.00001476. While that may seem modest, in the context of meme coins and market volatility, it’s a solid uptick that hints at growing investor confidence in SHIB’s long-term deflationary model.
Adding fuel to the rally, Bitcoin (BTC) surged by 2.43%, topping $110,000, driven by macroeconomic optimism. The delay of U.S.-European trade tariffs, reportedly announced via Truth Social, boosted global markets and crypto risk appetite. As Bitcoin surged, SHIB rode the wave, making the most of this “perfect storm” of burn activity and favorable market conditions.
With SHIB burn campaigns gaining traction and macro tailwinds aligning, the meme coin is proving it’s more than just hype. For a project once written off as a joke, Shiba Inu is now delivering real deflationary utility — one bonfire at a time.
