Shiba Inu’s Burn Rate Soars 106,040%, But Much Smaller Than Expected

Shiba Inu’s burn rate has experienced a significant surge, soaring over 106,040% in the past 24 hours. This marked increase is being reported by Shibburn, which tracks SHIB transactions. However, there is a notable discrepancy between this rapid rise and actual amount burned: just 15,330,933 SHIB coins were destroyed, significantly smaller than one might expect with such a drastic burn rate jump.