Shiba Inu saw over 184 million SHIB burned in the past 24 hours, driven largely by a single 179.5 million SHIB transaction. The burn rate surged about 108,500%, a move that could tighten circulating supply and affect short-term price dynamics.
About 179,657,698 SHIB were erased from supply in the last 24 hours, coinciding with a 3,615% spike in a related on-chain metric. The burn tightened circulating SHIB and heightened short-term market sensitivity.