The Shiba Inu community continues its efforts to burn meme coins, significantly reducing their supply. The SHIB burn rate surged by 3484% in the last 24 hours.
Massive SHIB Token Burning
According to the SHIB burn tracking platform, the burn rate of the token increased dramatically by 3484% in the last 24 hours. A total of 537,187,730 SHIB was burned through five transactions to dead wallets. The largest transaction involved 310,744,788 SHIB, with additional transfers of 107,333,061 and 103,276,575 SHIB, all executed from the same anonymous wallet.
Shytoshi Kusama Responds to Scammers
Shytoshi Kusama, the enigmatic lead developer of SHIB, made a statement on his Telegram channel urging the community to ignore scammers. He noted that they do not understand how he operates, indicating his commitment to maintaining the integrity of the project.
Plans for New SHIB AI Whitepaper Release
Kusama also announced that a new SHIB AI whitepaper would soon be released, an initiative he previously hinted at. He emphasized that he would clarify his ideas and work to implement them in the near future.
The ongoing token burning efforts from the SHIB community reflect commitment and enthusiasm. Plans for the new whitepaper may enhance the project's future development.
