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Shiba Inu burns 15.5M tokens in 24 hours, boosting deflation but price stays steady.

Protocol Fundamentals
11 Apr 2026
Coinpaper
View Source
Bullish
pluang ai news

Shiba Inu's deflationary process accelerated as 15.5 million SHIB tokens were burned in a single day, marking a 237% increase from the previous day. These burns reduce the circulating supply, aiming to create scarcity that could support price growth over time. Despite this significant burn activity, SHIB's price remained mostly flat with a slight 0.24% increase. Notably, a Robinhood-linked wallet was among the top burners in the past 30 days, highlighting institutional involvement in the token's supply reduction efforts.

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