Shiba Inu burns millions of SHIB despite price drop, more than 410 trillion SHIB burned since this memecoin launched.

As of today, Shiba Inu's daily token burn rate has increased despite the SHIB price recently falling. In a recent report by tracking platform Shibburn on X, the burn rate increased sharply by 62.58% within 24 hours.

Through this latest burning initiative, the Shiba Inu community has successfully taken 6.9 million SHIB tokens out of circulation.

In addition to the recent burn of 6.9 million SHIB, the Shiba Inu community dumped several more tokens over the past week, bringing the total amount burned to 57.67 million SHIB for the week. However, this represents a 57% decrease from the previous week's total burns.

Since its launch as the leading memecoin project in 2020, the Shiba Inu community has successfully burned over 410 trillion SHIB. This leaves only 582.9 trillion SHIB in circulation out of one million tokens created.$FLOKI