"Shiba Inu Burns 20 Million SHIB in Deflationary Push as Prices Tumble 15% Amid U.S. Crypto Reserve Volatility"

? A significant Shiba Inu (SHIB) burn transaction has captured attention across the crypto community. On-chain data tracker Shibburn reported a single transfer of **20,000,000 SHIB** to an unspendable blockchain address, effectively removing the tokens from circulation. The anonymous wallet responsible for this move purchased the sizable SHIB portion before permanently locking it away, marking another step in the token’s ongoing supply reduction efforts.

? Daily and weekly burn metrics reveal a notable uptick in community activity. Over the past 24 hours, **20,794,281 SHIB** has been destroyed, boosting the daily burn rate by **34.24%**. Weekly figures show **122,135,883 SHIB** eliminated from supply, contributing to a staggering cumulative total of **410.74 trillion SHIB** burned since the token’s inception. Despite these efforts, **410.74 trillion SHIB** remains in circulation, underscoring the scale of the deflationary initiative.

? Meanwhile, SHIB’s market price has faced turbulence, plummeting **15.78%** in the past day to trade at **$0.00001286**. This drop follows a brief rally earlier in the week, when news of the U.S. Strategic Crypto Reserve’s approval triggered an **11.24%** surge. The Reserve, confirmed by a presidential announcement, plans to hold major cryptocurrencies like Bitcoin, Ethereum, and altcoins such as Cardano (ADA), XRP, and Solana (SOL).

âš¡ Bitcoin’s reaction to the news was equally volatile. Initially spiking **10%** to approach **$94,240**, it later tumbled **12.18%** to **$82,760** before stabilizing at **$84,830**â€"a modest **2.6%** recovery. This rollercoaster reflects broader market uncertainty as regulatory developments and macroeconomic factors continue to sway investor sentiment. The SHIB community remains focused on burns as a counterbalance to market swings, aiming to bolster long-term value through scarcity.