The ShibArmy continues to burn billions of SHIB tokens to reduce the hyperinflated supply of the meme token, with several independent projects supporting the mission. A recent burn transaction saw over 2 billion SHIB tokens transferred to a dead wallet, removing them from circulation. The identity of the enforcer(s) behind the burn remains unknown, but some community members believe it may have been the team behind the Blaze project, which claims to be on a mission to "burn trillions of SHIB". The Blaze project has not taken credit for the burn, but founder Levi Rietveld tweeted about completing its first-ever SHIB burn shortly before the transaction took place. Despite the ongoing burns, it should be noted that SHIB's value remains highly volatile and speculative, and investors should approach it with caution.

(By Ndianabasi Tom)