The Shiba Inu ecosystem is currently facing a significant slowdown in its token burn activity, raising concerns among investors. According to the official information, after a remarkable surge in burn rates just two days ago, the latest data reveals a complete halt in the process, prompting questions about the sustainability of the burn strategy.
SHIB Burn Rate Stagnates
According to Shibburn, the dedicated platform for tracking SHIB burns, no tokens were sent to dead wallets in the last 24 hours. This stark contrast to the previous spike, where the burn rate soared by over 500%, has left many in the community puzzled. Just 48 hours prior, a single transaction successfully removed over 10 million SHIB tokens from circulation, igniting a wave of optimism among holders.
Community Concerns Over Circulating Supply
Despite this brief moment of enthusiasm, the lack of new burn transactions has resulted in the circulating supply of SHIB remaining at a staggering 585 trillion tokens. This stagnation has led to increasing skepticism regarding the effectiveness of the burn mechanism as investors are left wondering if the previous momentum can be regained.
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