Massive Shiba Inu Burn Sends Shockwaves Through Community

A staggering 16.6 million SHIB tokens were permanently removed from circulation in a single transaction, sending ripples through the Shiba Inu community. The tokens, sent to a ‘dead’ wallet, sparked renewed excitement and speculation regarding future developments within the ecosystem. While the sender remains anonymous, such large-scale burns are often linked to individual or community efforts tied to Shibarium, Shiba Inu’s layer-2 blockchain. Shibburn, a dedicated tracker of SHIB burn activity, confirmed the transaction on X (formerly Twitter).