A Shiba Inu whale address made a significant token burn of 1.8 billion SHIB tokens, causing speculation about the motives and identity of the person behind it. The transaction, which occurred yesterday, led to a 33,818% increase in the daily Shiba Inu burn figure. Some speculate that the crypto exchange Binance could be responsible, as it has supported community-driven projects in the past. However, on-chain data suggests that the burn may have been accidental, as the tokens were held for over a year before being burned. This has led to speculation that the tokens were sent to the wrong address. Despite the burn, Shiba Inu still has a large total supply of tokens, with 583.5 trillion currently in circulation.



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