Shiba Inu’s Burn Rate Explodes 43325% As A Billion SHIB Tokens Kicked Out Of Circulation

About a billion Shiba Inu (CRYPTO: SHIB) tokens were removed from circulation on Thursday, applying further deflationary pressure on the popular dog-themed cryptocurrency.

What Happened: Kaal Dhairya, a key figure in the ecosystem, took to X to announce the massive burning event to celebrate upgrades made to ShibTorch, Shiba Inu’s community-driven burn portal.

“To celebrate the progress team is making the deployer has burnt pending 1B SHIB, enjoy,” Dhairya said.

Coin burning involves purposely sending a cryptocurrency to …

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