Shiba Inu Community Drives Down Token Supply with Massive Burn

The Shiba Inu community achieved a significant milestone on May 31, 2025, incinerating over 1.17 billion SHIB tokens in a single operation. This action reflects a continued drive to reduce circulating supply and potentially boost the token’s value. While experts acknowledge this step is crucial towards long-term goals, it remains unclear whether significant price hikes will materialize without sustained adoption of the Shibarium network.