The community behind the meme-inspired crypto Shiba Inu ($SHIB) has burned over 3.7 billion $SHIB tokens over the past month alone, as the cryptocurrency’s price continues to surge along with its holder count. Per the Shiba Inu burn tracking platform Shibburn, over 528 transactions destroyed a total of 3.7 billion tokens of the meme-inspired crypto last month. These token burns are meant to dilute its circulating supply and boost scarcity.