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Why is the Shiba Inu (SHIB) burn rate surging 812% today?

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Shiba Inu

The “SHIB Army” has something to bark about this week. According to the latest on-chain data for May 2026, the Shiba Inu (SHIB) burn rate has just skyrocketed by a staggering 812%. In a massive effort to reduce the circulating supply, millions of SHIB tokens were sent to “dead wallets” in a matter of hours, …

The post Why is the Shiba Inu (SHIB) burn rate surging 812% today? appeared first on Cryptoknowmics-Crypto News and Media Platform.

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