Usman Salis
Something wild just went down in the Shiba Inu (SHIB) world. The community has been burning tokens like there's no tomorrow, and the numbers are absolutely insane.
SHIB Burn Rate Explodes Over 5,000%
Shibburn just dropped some mind-blowing data that's got everyone talking. The burn rate shot up by 5,404.56% in just 24 hours after the community torched 5,153,696 SHIB tokens, sending them straight to dead-end wallets where they can never be recovered.
But that's not even the crazy part. Right after that report, some anonymous whale came out of nowhere and burned 13,956,875 SHIB tokens in minutes. This massive transaction was so huge it actually brought the burn rate down to 582.16% - which is still pretty insane.
Two other big burns also happened, with 1.5 million and 1 million SHIB tokens getting sent to those "inferno wallets" where they'll sit forever, completely out of circulation.
Shibarium Network Hits Major Milestones
While everyone's going crazy over the burns, Shibarium - SHIB's layer-2 network - has been quietly crushing it with some seriously impressive numbers. The "Shibarium Updates" account on X just shared stats that are hard to ignore.
The network crossed over 1.2 billion total transactions, hitting exactly 1,283,125,425. Daily transaction volume is staying strong at around 4.57 million per day, showing people are actually using the platform regularly.
The technical side looks solid too - Shibarium has processed 11,677,331 blocks and now has 266,407,994 wallets connected to the network. That's over 266 million wallets, which shows real adoption happening in real time.
This whole situation is pretty interesting. You've got an incredibly active community burning their own tokens to reduce supply, plus a legitimate layer-2 network processing over a billion transactions. Whether this translates into actual price gains for SHIB holders remains to be seen, but this isn't just some meme coin community anymore - there's real infrastructure and commitment behind it.
Usman Salis
