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Shiba Inu burn rate soars 1,034%, sharply reducing supply amid exchange reserves drop

Protocol Fundamentals
15 May 2026
UToday
View Source
Bullish
pluang ai news

Shiba Inu (SHIB) has seen a dramatic 1,034% increase in its daily token burn rate, with over 27 million SHIB tokens burned in the last 24 hours. This surge in burning activity is part of a broader supply reduction effort, as exchange reserves hit yearly lows and large holders move tokens to private wallets. The burn rate jump contributes to a total of over 198 million SHIB tokens burned in the past 30 days, supporting SHIB's deflationary momentum. Despite broader crypto market fluctuations, SHIB's price remains slightly positive, and the community is cautioned about ongoing developments like the upcoming LEASH v2 launch, which is still in development and not yet available for presale or airdrop.

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