Shib Burn Rate Skyrockets 128,371% After Massive SHIB Transfer

The Shiba Inu (SHIB) burn rate has surged dramatically in recent hours, reaching a whopping 128,371.28% according to the SHiburn wallet tracking service. This drastic increase is largely due to a massive transfer of over 116 million SHIB coins into unspendable blockchain wallets. This represents a significant milestone for the project and signals continued community engagement in the ongoing burn process. More than 410 billion SHIB have already been destroyed, with approximately 584 billion remaining circulating in the market.