Usman Salis
Shiba Inu (SHIB) just saw its biggest token burn in ages, with over 13 million coins getting sent straight to the digital graveyard.
The Shiba Inu community just pulled off something spectacular. The burn rate for SHIB tokens absolutely exploded by 12,833.29% in just one day. We're talking about 13,090,171 SHIB tokens getting permanently deleted from existence, bringing the total circulating supply down to 584,532,038,460,906 tokens.
According to Shibburn, the go-to tracker for SHIB burning data, this massive destruction happened on Friday through just three transactions. The biggest single burn torched over 7.5 million SHIB tokens in minutes from an anonymous address. The other two burns took out 119,379 and 267,141 SHIB tokens respectively.
SHIB (Shiba Inu) Community Shows Serious Commitment
You've got to hand it to the SHIB Army - they really know how to stick to their guns. This burning spree came after several days of basically zero activity on the burn front, making Friday's action even more impressive. The whole point is simple: fewer tokens in circulation should theoretically make each remaining token worth more.
What's wild is how coordinated this was. Someone really meant business with that 7.5 million token burn. It shows the community isn't just talking about deflationary mechanics - they're actually doing something about it.
What This Means for SHIB (Shiba Inu) Price
The timing couldn't be better. This burn bonanza happened right when the broader crypto market was having a good day, and SHIB holders are hoping this isn't just a one-off event. The community is buzzing with optimism after weeks of boring price action.
But let's be real - burning tokens doesn't magically make prices shoot to the moon overnight. It's more of a slow-burn strategy. The idea is that over time, as more tokens get destroyed, the remaining ones become more valuable. It's a marathon, not a sprint.
Still, the psychological impact is huge. When the community sees this kind of commitment to reducing supply, it boosts confidence. With over 13 million tokens now out of the picture forever, SHIB holders are definitely feeling more optimistic about what's coming next.
Usman Salis
