Shiba Inu Burns 8.6B Tokens Over The Weekend, Lead Developer Hints At More SHIB Burns To Come For Global Adoption

Benzinga – Shiba Inu’s (CRYPTO: SHIB) burn rate spiked by over 727,000% in the last 24 hours, with a total of 8.6 billion SHIB tokens burned in six transactions.

What Happened: The Shiba Inu team performed the second major burn on Shibarium.

Lucie, a SHIB team member, reported this major burn, while stating that more will follow. The lead SHIB developer, Shytoshi Kusama, is optimistic about the burn’s impact on global adoption.

Kusama said on X, “Impactful burns will only take place through global adoption. We’ve seen adoption trickle in through 2023, but what can be done to ensure $Shib adoption worldwide perpetually?”

1/ As Billions of Shib prepare for roasting