# TokenBurn

The Shiba Inu ecosystem has kicked off May with an aggressive surge in network activity, leading to massive token burns that continue to tighten the circulating supply. Following the recent 812 percent burn rate spike, over 172 million tokens were sent to unrecoverable wallets in a single 24-hour window earlier this year. This consistent deflationary pressure is building a solid foundation for price discovery. With over 24,000 new wallets added this week, the demand side is finally catching up with the shrinking supply. I am bullish on the long term scarcity logic being built into Shibarium. #

1. The $GT Scarcity Play 📉🔥
​Focus: Platform Utility & Deflation
​"Did you catch the latest $GT burn? Gate.io just permanently removed over 2.5 million GT (approx. $20.6M) from circulation! 🚀
​With over 62% of the original supply now gone, the deflationary pressure is hitting hard just as the market turns bullish. As the Gate Layer (L2) grows and AI trading agents begin using GT for gas, we aren’t just looking at an exchange token anymore—we’re looking at a core Web3 infrastructure asset.
​Are you holding your GT for the VIP tiers, or are you staking it for the next Startup launch? 👇
​#Gat