SHIB Burns 11 Million Tokens, Price Rises 1.27% to $0.00001245

The Shiba Inu ecosystem continues to make headlines as the community intensifies its burn efforts and stays vigilant against scams.

The Shiba Inu ecosystem continues to heat up as the community rallies for more burn and stays alert against scam attempts.

Also Read: SHIB Price Today: A 1.27% Uptick Sees Anti-scam Warnings Rise As 11M Tokens Burned In 24 Hrs

881 Million SHIB Burned via ShibTorch

According to Shibarium Updates, a popular X account sharing insights about the SHIBA Inu ecosystem, a whopping 881,353,310 SHIB tokens have been burnt using the ShibTorch platform. These burns are part of the SHIB community's ongoing endeavor to reduce supply and potentially influence the SHIBA Inu price in the long term.

One of the major highlights shared by Shibarium Updates was the burn of over 16.6 million SHIB on April 18 at 4:05 a.m. UTC, and 14.5 million SHIB on April 14 at 10:22 p.m. UTC. These efforts have led to a 5.40% increase in the weekly burn change, showcasing consistent action by the SHIB community.

SHIB Burn Rate Surges by 3,277% in 24 Hours

Another X account, Shibburn, which tracks real-time SHIB burns, reported that 28,627,668 SHIB were burnt in just the past 24 hours. This marks an impressive 3,277.11% surge in the daily burn rate. Over the last seven days, a total of 142,626,991 SHIB have been burnt, reflecting a 104.28% rise in weekly burn volume.

Such spikes often reflect increased community activity and could influence the SHIBA Inu price, especially when paired with strong utility and a long-term vision.

Community Pushes Back Against Scammers

SHIB's marketing lead, known as Lucie, recently spoke out on X about the rising threat of scammers in the crypto space. She urged the SHIB Army to stay informed and avoid falling for hype-driven traps.

"Sadly, scammers are getting more creative and like to use SHIB's name to try to scam. Please be careful out there, stay vigilant, and don't fall for anything that seems too good to be true!" said SHIB's marketing lead.

She highlighted that education is the only real weapon in the fight against bad actors in crypto.

"Sadly, scammers are getting more creative and like to use SHIB’s name to try to scam. Please be careful out there, stay vigilant, and don't fall for anything that seems too good to be true! We know the best defense is offense, so we're working on highlighting these scams to protect the community. But ultimately, everyone needs to be aware and take precautions.

Don't be shy to ask questions and do your own research. Scammers prefer to target the uniformed, so the best defense is knowledge. Learn, research, and move with purpose. There are no shortcuts in crypto, just strategy and strength. Let's stand together and fight back against those who threaten our community," said Lucie.

FUD and Hype Will Fade, Says Lucie

Highlighting why the SHIB team usually chooses to stay silent during FUD waves, Lucie stated that hype won't last and only good projects will.

"We prefer to let time and action speak louder than words. In the state of trenches we're living in, education is the only real weapon. Sadly, scammers are getting more creative and like to use SHIB's name to try to scam.

We know the best defense is offense, and we're doing our best to highlight these scams and protect the community. But ultimately, everyone needs to be aware and take precautions. Don't be shy to ask questions and do your own research.

Scammers prefer to target the uniformed, and the best defense is knowledge. Learn, research, and move with purpose. There are no shortcuts in crypto, just strategy and strength. Let's stand together and fight back against those who threaten our community," said Lucie.

What's Next for SHIBA Inu?

With increasing burn rates and a strong emphasis on community education, SHIBA Inu is positioning itself not just as a meme coin but as a growing ecosystem with purpose. While SHIBA Inu price movements remain subject to broader market trends, the efforts by the SHIB community to reduce supply and push for awareness may play a key role in the token's long-term success.