179.7M SHIB Removed as On-Chain Metric Surges 3,615% After Supply Shock
Shiba Inu saw 179,657,698 SHIB removed from its total supply over the past 24 hours, a move that has meaningfully reduced circulating tokens. At the same time, a related on-chain metric surged 3,615%, signaling intensified network activity tied to the supply change. The two developments together created a clear supply shock for the token within a short window.
The immediate significance is increased scarcity and potential upward pressure on price if demand holds; however, price response will depend on market liquidity, whale behavior, and broader crypto sentiment. Traders and analysts will watch exchange flows and on-chain wallets for follow-through, while the event underscores how coordinated burns or large removals can quickly reshape tokenomics. No single metric guarantees a trend, but the scale of this adjustment makes SHIB harder to ignore in the near term.