Shibarium Quietly Burns Hundreds of Millions of SHIB Despite Activity Concerns, Shiba Inu Contributor Says

NewsMon, 17 Aug 2026 10:26:12 UTC2 hours ago
Shibarium Quietly Burns Hundreds of Millions of SHIB Despite Activity Concerns, Shiba Inu Contributor Says

While the Shiba Inu community remains focused on the sharp decline in reported Shibarium transaction activity, long-term SHIB proponent Mazrael emphasized that the network continues to reduce SHIB’s circulating supply. Mazrael made the disclosure over the weekend after an X user asked whether Bone ShibaSwap (BONE) remains relevant to the Shiba Inu ecosystem.

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