With a total of 1,073,047 SHIB tokens burned in two transactions over the course of the last 24 hours, the amount burned was noticeably less. The SHIB burn rate, meanwhile, is showing a 281% increase. The market's recent calmness following the #SEC's filing of litigation against the two largest exchanges, Coinbase and Binance, may have contributed to the decline in #SHIB burns. Some cryptocurrencies, including #ADA, #SOL, and #MATIC, were claimed to be securities in the complaint.