SHIB Burns Skyrocket 12,278% — What's Happening?
Portfolio Pulse from
Shiba Inu (SHIB) has seen an extraordinary increase in token burns, with 115,890,322 tokens moved to unspendable wallets in the last 24 hours. This comes after Shibarium, the layer-2 solution, surpassed one billion transactions. The SHIB community has now burned a total of 410.7 trillion tokens since 2021, with 584.3 trillion tokens remaining in circulation.
April 02, 2025 | 12:30 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Massive token burns could potentially impact SHIB's price by reducing circulating supply and creating scarcity.
Large token burns typically reduce supply, which can create upward price pressure if demand remains constant. The significant burn rate and Shibarium milestone suggest positive momentum.
CONFIDENCE 75
IMPORTANCE 85
RELEVANCE 100