Shiba Inu Burn Rate Surges Over 880% in 24 Hours, Indicating Potential Increased Community Activity

Key Points

1. Shiba Inu's burn rate increased by 883.89% in 24 hours, with 21.6 million SHIB tokens burned in a single day.

2. Over 410.75 trillion SHIB tokens have been burned to date, reducing the total supply from over one quadrillion to 584.6 trillion tokens.

3. Despite a 4.94% price dip in the last 24 hours, SHIB's price remains up 15.27% over the past week.

4. Community-driven burn initiatives and Shibarium network activities are reinforcing Shiba Inu's commitment to supply reduction.

5. The ecosystem's future outlook involves balancing supply reduction with network expansion to sustain deflationary momentum.