Burns in the Shiba Inu ecosystem have spiked 14,575% in the past 24 hours following the incineration of over 279 million SHIB.

The Shiba Inu community’s efforts to reduce the token’s supply has ramped up in the past day after a notable spike in burn rate. Data from community-driven Shiba Inu burn tracker Shibburn revealed that 279,650,585 SHIB were permanently destroyed in the past 24 hours.

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