All Time High
Shiba Inu All Time High
Shiba Inu's burning mechanism has raised concerns after a major burn platform stopped reporting updates. ShibTorch, a page on the official Shiba Inu website, now displays a failed loading message. The problem is linked to missing data infrastructure and a paused bridge. ShibTorch collects BONE tokens from Shibarium transaction fees and burns them on Ethereum, but the Shib.io dashboard relies on an indexer that no longer exists, preventing accurate burn figures. The bridge supporting the SHIB route remains paused due to earlier security issues, and the burn contract is below the required threshold of 1,000 BONE. Despite these issues, ShibTorch has contributed significantly to SHIB's supply reduction, burning approximately 69.32 billion SHIB.