Shiba Inu Burns Surge Amidst Market Recovery

Shiba Inu’s burn rate experienced a significant spike, jumping 984.58% in the past 24 hours. This surge was fueled by an impressive 16.9 million tokens being destroyed through eight anonymous wallets via burn transactions. While this daily activity showcases potential momentum, weekly SHIB burns are showing a notable decline (down 57.6%). Despite sporadic spikes, consistent long-term burn efforts remain elusive.