Shiba Inu Burns 83M Tokens as Whales Buy the Dip

The Shiba Inu (SHIB) token has seen significant burns in recent days, with 83 million tokens being burned over the past 24 hours. This move is part of a larger trend, as more projects are shifting from scheduled burns to strategic ones.

Historically, Layer 1 networks have used token burns to reduce circulating supply at fixed intervals. However, this approach is no longer the norm. Instead, projects are using burns as a tool to support their goals.

The timing of SHIB's latest burn looks strategic rather than routine. The underlying bid remains strong, with more than 4 trillion SHIB recently moving off exchanges as whales continue buying the dip. This suggests that smart money is accumulating while retail focuses on the pullback.