Shiba Inu Burn Rate Surges 128,371.28% in 24 Hours

Shiba Inu’s burn activity has taken a dramatic turn, recording a surge of over 128,000% within the last day. A total of 116,188,140 SHIB tokens have been permanently removed from circulation in this short period. The spike came through six transactions carried out since yesterday morning. The largest of these transfers alone destroyed 97,568,806 SHIB, while the second-largest eliminated 14,047,018 SHIB. These high-volume burns occurred within the past four hours, fueling the massive increase in the overall burn rate.

This recent activity brought the daily burn rate to 128,371.28%, an unusually sharp jump from previous figures. The acceleration highlights the ongoing effort by the community to reduce SHIB’s circulating supply. With this latest update, the total number of SHIB coins destroyed has reached 410,749,011,967,926. Meanwhile, the supply still in circulation stands at 584,509,496,009,689.

The SHIB community continues to support these efforts, aiming to increase scarcity and maintain engagement within the ecosystem. Despite no official update from the lead developer, Shytoshi Kusama, the burn strategy remains active and consistent. Shytoshi Kusama has not been active on social media for nearly two weeks. His last post on X came on May 30, where he emphasized the importance of AI and its connection to SHIB’s future. He also stated that he was working on a final white paper focused on AI, SHIB, and Shy. Before stepping away, Kusama noted that he was returning to work behind the scenes, particularly in AI and Web3 development. He assured the SHIB community that he would reconnect after a month, a timeline that has yet to be completed.

Despite his absence, burn transactions have continued at a rapid pace, suggesting that the community-led tokenomics are still being executed. The latest burn data shows that SHIB holders remain active in supporting the token’s long-term value strategy. Shiba Inu’s 128,000% burn rate jump and removal of over 116 million tokens in just 24 hours reflect a renewed wave of community participation. With or without developer commentary, SHIB’s deflationary mission shows no signs of slowing.