Usman Salis
Shiba Inu (SHIB) holders just pulled off another epic burn session, wiping out more than half a billion tokens from circulation. The burn rate went absolutely nuts with a mind-blowing 3,484% spike, while SHIB's price bounced back with a solid 5% gain after Friday's rough patch.
SHIB (Shiba Inu) Burns Are Breaking Records Left and Right
Talk about making a statement – the past 24 hours saw SHIB's daily burn rate rocket up by an insane 3,484.34%. This wasn't just some random event either. The community orchestrated a massive burn of 537,187,730 SHIB tokens, sending them all straight to blockchain heaven where they can never be touched again.
Here's where it gets interesting: this half-billion token massacre happened through just five transfers to dead wallets. The biggest chunks included 310,744,788 SHIB, 107,333,061 SHIB, and 103,276,575 SHIB. What's crazy is that all three major burns came from the same mystery wallet (ending in -82019a), and they happened one after another about nine hours ago. Each transfer took literally minutes to hit the burn wallet – these folks weren't messing around.
The weekly numbers are pretty wild too. Over the past seven days, the Shiba Inu (SHIB) community managed to crank up the burn rate by 481.17%, torching 687,249,104 SHIB tokens in total. Most of that weekly damage came from Friday's massive 537.1 million SHIB bonfire.
Shiba Inu (SHIB) Mystery Leader Breaks Silence While Community Burns Tokens
While all this burning was going down, SHIB's enigmatic lead developer Shytoshi Kusama decided to break his silence. He dropped some thoughts on his Telegram channel Friday, which SHIB's marketing boss Lucie quickly shared on X for everyone to see.
Kusama's been teasing this new SHIB AI whitepaper for weeks now, and he's still promising it's coming. "I'll explain what I've come up with here and organize so we can start moving this forward," he said, keeping the community on the edge of their seats.
But he also had some choice words for the scammers trying to ride SHIB's coattails. He basically told the community to ignore these fraudsters, adding: "They don't understand how I work and they don't need to." Pretty clear message there.
This whole communication spree came after Kusama went completely dark on social media for two weeks – no tweets, no posts, nothing. His return coincided perfectly with the team dropping their latest tech upgrade: the L3 solution for Shibarium called Shiba Alpha Layer. Looks like the SHIB ecosystem isn't slowing down anytime soon.
Usman Salis
