Data: SHIB Burn Rate Soars 3000% in 24 Hours, Development Team Considering Daily Burn of 1 Trillion Tokens

According to a report by Jinse Finance, Shiba Inu (SHIB) has burned over 67 million tokens in the past week, with the burn rate surging to 3000% within 24 hours. The SHIB development team is considering implementing an aggressive token burn strategy, aiming to burn 1 trillion SHIB daily. If this target is achieved, approximately 365 trillion SHIB will be burned in a year, reducing the current circulation by 62%. Analysts predict that if the market cap remains unchanged, this reduction in supply could potentially drive SHIB's price up by 167%, reaching approximately $0.000037. The Shibarium Layer 2 network plays a crucial role in this burn strategy, with its current total locked value at around $3 million, but it needs to grow to $1 billion to support the daily burn target.