Crypto News

SHIB Burns Surge Over 1,700% Amid Executive Caution on Supporting New Tokens

2025-07-12 18:05

SHIB Burns Surge Over 1,700% Amid Executive Caution on Supporting New Tokens

Shiba Inu (SHIB) token burn rates have surged dramatically, marking a significant milestone in the meme coin’s deflationary efforts. Recent blockchain data highlights a 1,783% increase in SHIB burns, driven