Shiba Inu (SHIB) recorded a massive surge in token burns, with more than 27 million SHIB permanently removed from circulation in a single day. Data from the SHIB burn tracker shows the daily burn rate skyrocketed by 1,034% compared to previous sessions — one of the largest single-day increases in recent weeks.
Burn Jumped from 2 Million to 25 Million in Hours
Between May 14 and May 15, burned tokens climbed from just over 2 million SHIB to above 25 million within less than 24 hours. Over the past seven days, more than 46 million SHIB were destroyed, pushing the monthly total toward 200 million. The sustained deflationary push continues to shrink the circulating supply.
SHIB Holds Modest Gains; Exchange Reserves at Yearly Low
SHIB traded around $0.00000627 amid overall market volatility. Exchange reserves dropped to multi-month lows, while whale accumulation remained active, underpinning price stability.
U.S. Senate Advances Clarity Act; Scam Alert Issued
The U.S. Senate Banking Committee approved the bipartisan Clarity Act in a 15-9 vote, sending the crypto market structure bill to the next stage. Though many tokens later erased gains, SHIB stayed positive as traders weighed the impact of clearer regulations.
Separately, the SHIB-focused X account Shibizens warned the community that LEASH v2 is still under development — there are no official presales or private airdrops. Users should avoid fake promotions and unauthorized giveaways.