Shiba Inu’s Burn Rate Soars 128,000% in a Single Day

Shiba Inu (SHIB) has seen an extraordinary surge in its burn rate within the last 24 hours. A massive 116 million tokens were permanently removed from circulation, representing an astonishing 128,000% increase compared to yesterday’s activity levels. This spike was fueled by a series of six transactions which saw the removal of SHIB in substantial amounts.

The transfers have occurred over the past four hours and contributed significantly to a notable jump in the daily burn rate, surpassing previous records.