Shiba Inu Burns Surge: 500 Million SHIB Goes Up in Flames

The Shiba Inu community is intensifying its efforts to reduce the coin’s supply, driving up its burn rate dramatically. According to a platform dedicated to tracking SHIB burns, the community witnessed a staggering 4-digit increase in the burn rate over the past 24 hours. This surge was fueled by 537.18 million SHIB being transferred to unspendable wallets, marking a significant step towards reducing the circulating supply.