Shiba Inu Community Destroys 814 Million SHIB, What’s Ahead?

The Shiba Inu ecosystem witnessed alarming SHIB token burns over the past 24 hours. The Shiba Inu community sent over 814 million SHIB tokens to the dead wallets within the past 24 hours. This is part of its strategy to check the SHIB token supply.

According to an update by Shibburn, the token burn took place in seven consecutive transactions, making up 814,901,863 SHIB tokens. This burn rate spike comes about two weeks after the PuppyNet Shibarium testnet release by lead Shiba Inu developer Shytoshi Kusama.