Shiba Inu

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The post <a href="https://cryptosnewss.com/shiba-inu-hits-record-65000-burn-rate-what-this-means-for-shib-investors/" rel="noopener noreferrer nofollow">Shiba Inu Hits Record 65,000% Burn Rate: What This Means for SHIB Investors</a> appeared first on <a href="https://cryptosnewss.com/" rel="noopener noreferrer nofollow">Cryptos Newss</a>.The burn rate of Shiba Inu (SHIB) tokens has surged over 65,000%, setting a new record. This significant increase is due to multiple large transactions, with millions of tokens sent to burn wallets, effectively removing them from circulation.Despite this, SHIB’s price remains largely unaffected, even seeing a slight decline.The SHIB community has recently experienced an unprecedented increase in burn rate, largely due to a series of strategic burns intended to reduce token supply and potentially increase value over time.Large-scale burns—some from the same anonymous wallet—were the primary contributors, with millions of <a href="https://cryptosnewss.com/shiba-inu-gains-positive-price-momentum-is-a-rebound-in-sight/" rel="noopener noreferrer nofollow">SHIB tokens</a> sent to “burn” addresses where they become inaccessible, decreasing total circulation.This burning process, vital for controlling inflation within the cryptocurrency’s ecosystem, has become central to Shiba Inu’s strategy to bolster value and keep the community engaged.The surge follows a period of little to no token burns, including a previous day with a -100% burn rate. The spike highlights the community’s commitment to reducing token circulation, which theoretically increases scarcity.However, SHIB’s price fell by around 3%, suggesting that market conditions and broader investor sentiment also heavily impact value.Meanwhile, the Shiba Inu ecosystem continues to expand with notable growth on Shibarium, the blockchain&#39;s layer-2 scaling solution.Shibarium has seen record transaction volumes and increasing account numbers, illustrating a healthy level of network activity.Shiba Inu’s layer-2 ecosystem aims to offer more scalability and cheaper transaction fees, adding value and utility beyond just the SHIB token itself.The sharp increase in SHIB burn rates demonstrates strong community involvement in Shiba Inu’s deflationary strategy. While the immediate impact on price was minimal, such efforts may play a longer-term role in reducing supply.As Shibarium’s usage grows, it may create further opportunities for burns, potentially enhancing scarcity and appeal. The SHIB community’s actions raise a question: will future burns eventually help drive up SHIB’s value, or will broader market trends hold the dominant influence?The post <a href="https://cryptosnewss.com/shiba-inu-hits-record-65000-burn-rate-what-this-means-for-shib-investors/" rel="noopener noreferrer nofollow">Shiba Inu Hits Record 65,000% Burn Rate: What This Means for SHIB Investors</a> appeared first on <a href="https://cryptosnewss.com/" rel="noopener noreferrer nofollow">Cryptos Newss</a>.

Shiba Inu Hits Record 65,000% Burn Rate: What This Means for SHIB Investors

Cryptos Newss

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