The SHIB community is actively working to reduce the circulating supply of Shiba Inu tokens by ramping up their burn rate. Simultaneously, the SHIB team has issued a critical warning about scam activities.
Increase in SHIB Burns
According to Shibburn data, the SHIB burn rate has surged by 750% over the last 24 hours. A total of 17,127,069 SHIB tokens were burned, with the largest single transaction involving 16,274,641 SHIB.
Two Billion SHIB Burned Last Week
Last week, the community burned approximately two billion SHIB tokens in batches exceeding 1,000,000,000 SHIB, with two-day pauses between. Shiba Inu's marketing lead Lucie highlighted this, indicating involvement by the CENT account on Shibarium.
SHIB Team Issues Scam Warning
The @susbarium X account issued a vital warning about the misuse of Shytoshi Kusama’s name by scammers. Users are advised to check the authenticity and note the account handling style.
The SHIB community is active in reducing the number of circulating tokens and combating scams. It's crucial to remain vigilant and verify information from trusted sources.
