Shiba Inu Burns Millions of Coins in Record Day

A recent report by the Shibburn platform reveals a significant spike in Shiba Inu’s (SHIB) burn rate, exceeding three digits for the first time. This comes as the SHIB community continues its efforts to permanently remove coins from circulation. Over 31 million SHIB were burned in the past 24 hours alone, with two large transfers accounting for most of the activity. 18.356 million and 13.091 million SHIB were sent to unspendable wallets. As a result, over 410 billion SHIB have been permanently removed from circulation as part of the initiative. The remaining circulating supply stands at nearly 589 billion tokens.