🔥 SHIB Burn Rate Hits Record 16,717% Surge
Shiba Inu (SHIB) has recorded one of its most aggressive burn events to date, with 602,041,022 tokens incinerated in a single 24-hour period. This massive supply reduction has caused the token’s burn rate to spike by an astonishing 16,717.70%, according to data from Shibburn trackers. Over the past week, a total of 616.4 million SHIB tokens have been permanently removed from circulation—an increase of 369% compared to the previous seven-day span.
🙌 Community-Led Token Destruction Accelerates
The SHIB community continues to champion deflationary efforts, viewing token burns as a vital part of the project’s long-term growth strategy. These burns are designed to reduce the circulating supply of SHIB, aiming to increase scarcity and potentially boost price performance over time. Despite a minor pullback in price, many investors interpret these figures as a bullish signal of continued community engagement and long-term value creation.
⚠️ $52M Liquidation Threat Looms Over Market
While the burn activity has been remarkable, Shiba Inu faces a looming risk of up to $52 million in potential liquidations. Such large-scale liquidations could trigger a sharp selloff, placing downward pressure on the token’s price. Market watchers are closely monitoring this development, as it could counteract the bullish effects of the recent burns.
🤔 Cautious Optimism Amid Market Volatility
The SHIB ecosystem currently stands at a crossroads. While the deflationary trend is gaining momentum, the risk of forced liquidations adds a layer of uncertainty. Investors are urged to remain cautious, balancing long-term optimism with short-term market risks as volatility remains high in the broader crypto landscape.
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This article was created with AI assistance and curated by DNIR Staff for accuracy and editorial standards.
