Shiba Inu Burn Rate Soars 12,278% – Over a Hundred Million Coins Removed from Circulation

A significant surge in Shiba Inu’s (SHIB) burn rate has been observed, as data shared by Shibburn shows the number of coins burned increased by over 12,278% within the past 24 hours. The surge is attributed to a series of large transactions involving hundreds of millions of SHIB moving to dead wallets. The details are available on their website and X (formerly Twitter) account.