Shiba Inu Burn Rate Soars: Whale Responsible for Massive 85 Million Token Destruction

A substantial spike in Shiba Inu’s (SHIB) daily burn rate has been observed, driven by a single large wallet that eradicated over 85 million tokens. This event has significantly increased the burning rate, showcasing the impact of these significant token removals. Notably, despite this dramatic surge, it wasn’t the largest burn recorded recently. The article details the specifics of this recent burn and provides additional context regarding SHIB’s long-term growth strategy.