Shiba Inu's Burn Rate Torches 1866%—What's Going On?

benzinga.com/markets/cryptocurrency/25/05/45603616/shiba-inus-burn-rate-torches-1866-whats-going-on

Over 42 million Shiba Inu (CRYPTO: SHIB) tokens were pulled out of circulation Sunday, putting additional deflationary pressure on the popular dog-themed meme coin.
What happened: The burn rate blasted 1866% in the last 24 hours, resulting in a supply squeeze of 42.122 million SHIB…

This story appeared on benzinga.com, 2025-05-26 02:23:22.
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