SHIBA Inu Surges as Community Burns Millions and Fights Scam Threats

Over the last 24 hours, SHIBA Inu (SHIB) burned 11 million tokens, boosting its price by 1.27% to $0.00001245 amid intensified anti-scam warnings. The report details that earlier in the week, even larger burns were recorded, with 881 million tokens burned via ShibTorch on April 19, 2025, and additional significant burns on April 14 and April 18. These coordinated token burn efforts are part of a broader strategy by the SHIB community to reduce supply, potentially exerting upward pressure on the token's price in the long term. Community leader Lucie has been vocal on X (formerly Twitter), urging the community to remain vigilant against scams through education and well-informed trading strategies. This campaign against scams and the proactive reduction of token supply are intended to reinforce investor confidence and improve SHIB's market resilience. As these efforts continue, both immediate price appreciation and sustained long-term value growth appear likely.