SHIB Burn Rate Soars Over 200%, Despite Small Burn Figures

The Shiba Inu (SHIB) community is driving significant price growth for the cryptocurrency, as more coins are being burned from circulation. While daily burn rates have been minimal, this week’s weekly burn rate saw a substantial increase of over 200%. This has resulted in millions of SHIB tokens being transferred to permanently unspendable wallets. However, despite this significant decrease in circulating supply, the weekly burn rate declined by 25.13% compared to last week. Over 6.9 million SHIB have been moved to