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Shiba Inu burn rate jumps 1,020% as 20.82M SHIB tokens sent to dead wallets

Protocol Fundamentals
01 Sep 2026
Bitcoinist
View Source
Bullish
pluang ai news

The burn rate of Shiba Inu (SHIB) tokens has surged by 1,020%, with 20.82 million SHIB tokens recently moved to dead wallets. This significant increase in token burning reduces the circulating supply, potentially increasing scarcity and value for holders. Such a spike in burn activity often signals strong community engagement or strategic moves by holders to support the token's price. Investors should watch for further burn trends and market reactions to gauge Shiba Inu's future performance.

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