Shiba Inu Burns Skyrocket 2 Million Percent, But Total Burn Volume Remains Low

The Shiba Inu (SHIB) burn rate has witnessed an impressive surge, exceeding a mind-blowing 2 million percent in the past 24 hours. According to Shibburn, this drastic increase is attributed to heightened community activity. However, the total number of coins destroyed remains comparatively modest at approximately 13,392,153 SHIB. Despite the dramatic burn rate jump, the overall market trend has been marked by a significant downturn, with the price experiencing a 7.8% drop in the past 24 hours.