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Shiba Inu burns 12.76 million tokens in 24 hours amid strong network activity despite price drop.

Protocol Fundamentals
19 Jun 2026
UToday
View Source
Bullish
pluang ai news

Shiba Inu recently burned 12.76 million SHIB tokens within 24 hours, marking one of its highest burn rates in weeks and reducing its circulating supply significantly. This burn surge, increasing by over 677%, signals growing network activity and could create scarcity that may boost SHIB's price if demand rises. However, despite this positive indicator, SHIB's price remains down around $0.000004720, reflecting ongoing market volatility. Analysts remain hopeful that the strong burn activity might ease selling pressure and support a price recovery in the near future.

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