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▲ Shiba Inu (SHIB)/ChatGPT Generated Image
The Shiba Inu (SHIB) burn rate surged by a four-digit percentage in a single day, revitalizing the supply reduction trend. However, market attention is focused not on a short-term rebound, but on whether the actual circulating supply will continue to decrease.
According to U.Today on May 15 (local time), Shiba Inu's daily burn rate surged by 1,034%. According to Shiba Inu burn tracking websites, the amount burned in the last 24 hours totaled 27,137,162 SHIB. U.Today reported that this 1,034% increase is one of the largest daily burn rate surges in recent weeks.
This surge comes less than 24 hours after over 2 million SHIB were burned on May 14, surpassing 25 million SHIB. The increase in daily burn volume was presented as a sign that Shiba Inu's deflationary trend has strengthened again.
The amount of Shiba Inu burned over the past 7 days totaled 46,186,218 SHIB. Over the past 30 days, the burn volume reached 198,171,816 SHIB. The total number of Shiba Inu burn transactions was 20,825.
U.Today reported that Shiba Inu's supply reduction movement is also intertwined with a decrease in exchange holdings. Exchange reserves remain at their lowest level of the year, and large holders are reportedly moving their holdings to personal wallets. This was presented as a factor that could lead to a reduction in the circulating supply immediately available for sale in the market.
Across the broader market, major cryptocurrencies showed an upward trend after the U.S. Senate Banking Committee approved a bipartisan U.S. crypto market structure bill. However, a significant portion of these gains was later reversed, and Shiba Inu maintained a positive trend, rising 0.30% to $0.00000627 over the past 24 hours.
Meanwhile, a separate warning targeting the Shiba Inu community was issued. Shibizens, an X (formerly Twitter) account related to Shiba Inu, stated that LEASH v2 has not yet been released and is currently in the development phase. The account emphasized that there are no pre-sales or private airdrops, and any claims related to burning should only be verified through the official Shiba Inu website. External audits and a public testnet are planned before launch, and holders were advised to exercise caution.
*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*
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