184M SHIB Burned in 24 Hours as Shiba Inu Supply Shock Begins
Shibburn data shows more than 184 million SHIB were removed from circulation in a 24-hour window, with one transaction alone burning roughly 179.5 million SHIB roughly 13 hours ago. The protocol’s reported burn rate jumped roughly 108,500%, making this the largest single-day spike in recent memory and giving holders a rare supply-side catalyst amid otherwise muted market activity.
The immediate significance is a potential reduction in available tokens, which can amplify bullish price pressure if demand holds steady. That said, burns alone don't guarantee a sustained rally: macro crypto trends, liquidity, and exchange flows will still shape SHIB’s path. For traders and holders, the event is worth watching as a short-term supply shock that could influence price forecasts, while longer-term impacts depend on whether high-volume burns continue.