#In a stunning turn of events, the burn rate of Shiba Inu (SHIB) has surged by an astonishing 2,072.59% within the last 24 hours, resulting in the obliteration of 53.5 million tokens from the circulating supply. This spike in burn activity comes amid a broader initiative by the Shiba Inu development team to implement automated SHIB burns, which was first announced in a blog post released at the beginning of December.

As previously reported by U.Today, the potential destruction of 9.25 trillion Shiba Inu tokens looms large on the horizon for January. This move is part of a strategic effort to manage the token's supply and introduce greater scarcity, potentially influencing its market dynamics.