Shiba Inu Burn Rate Surges 6847% as 297 Million SHIB Burned

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Summary · why it matters

Shiba Inu's burn rate jumped 6847% in the last 24 hours, with more than 297 million SHIB tokens removed from the circulating supply. The sharp increase marks a marked surge in token burns for the meme coin over the past day. The burned tokens were taken out of circulation, reducing the total supply of SHIB available in the market.

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Over 297 million SHIB burned in 24 hours, cutting circulating supply of the token.