The Shiba Inu community is excited about a recent transaction in which 15,566,450 SHIB tokens were transferred to a dead wallet, effectively burning them and reducing the token's circulation. This is part of Shiba Inu's deflationary strategy to increase the token's scarcity and potentially drive up its value. The burn rate for SHIB has surged by 3,253% in the last 24 hours, with a total of 29,323,261 tokens burned in that time period. Despite this, SHIB's price remains in the red due to broader market trends. The Shiba Inu community is also being warned to beware of scams and to verify information through official sources.



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