Peter Smith
Shiba Inu just dropped some big news that's got people talking. The meme coin officially landed on Base blockchain with a new burn engine that torched over 600 million SHIB tokens in just 24 hours.
SHIB is trading at $0.00001368, down 2.32% today, but trading volume exploded 62.96% to $238.54 million. When volume spikes like that while price stays steady, something's usually brewing.
The kicker? Whales now control 74% of the SHIB market. When big players hoard that much of a token, they're expecting something big.
SHIB (Shiba Inu) Gets Smarter About Token Burns
This Base expansion isn't just another blockchain deployment. The team built a burn engine that actually works – every time someone trades through their "Creator Coin" feature on Zora, fees automatically burn SHIB tokens.
It's like having a 24/7 token destruction machine. No waiting for community burn events or manual burns – this thing constantly chips away at supply.
The 600 million tokens burned on day one might not seem huge with trillions in circulation, but consistency matters. If this keeps up, billions of tokens get removed over time, and that actually moves the needle.
SHIB (Shiba Inu) Price Setup Looks Pretty Interesting
The setup looks interesting. Whales controlling 74% of the market, a working burn mechanism, and volume through the roof isn't random coincidence.
The current $0.00001368 price could be a bargain if these pieces come together. SHIB has always been a momentum play, and automatic burns plus whale accumulation is a solid combo.
What's different now is SHIB isn't just riding meme energy. They're building real utility and creating actual deflationary pressure. For a token criticized for having too many coins, a system that constantly reduces supply is smart.
SHIB is holding its top 20 crypto spot while implementing these upgrades. If the burn rate stays consistent and whales keep accumulating, we could see a nice price run soon.
Peter Smith
