Shiba Inu (SHIB) saw a massive token burn of 43,486,236 SHIB in the last 24 hours, according to official data released by the Shiba Inu development team. The burn surge occurred on October 14, following a modest rebound in SHIB’s market price.
The burn rate spiked by 27,014% compared to the previous day, marking the largest 24-hour burn in recent weeks. This sharp increase reflects the growing activity and engagement of the Shiba Inu community, which has been actively participating in token burns through ShibaSwap and other decentralized platforms. Over the past seven days, 59,449,906 SHIB were burned, resulting in a 27.78% increase in weekly burn rate, reinforcing the project’s deflationary mechanics.
The development team also confirmed that the Shibarium Plasma bridge is fully operational, allowing users to transfer BONE tokens securely between Ethereum and Shibarium. The team plans further token burn events and additional bridge activations in the coming weeks.
Fuente: https://x.com/shibburn/status/1978355232779162020
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