Shiba Inu’s Burn Rate Explodes: Over 16 Million SHIB Sent to Dead Wallets

Shiba Inu is experiencing a sudden surge in its burn rate, removing millions of tokens from circulation. More than 16.6 million SHIB were sent to dead wallets in the last 48 hours alone, marking a notable shift in the token’s deflationary efforts. This activity has been linked to increased trading volume and sparked discussions among the Shiba Inu community about its long-term impact on price.