Shiba Inu Torches 11 Million SHIB as Burn Rate Jumps 367%

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Shiba Inu, the dog-themed cryptocurrency, has recorded a 367% jump in burn rate, sending over 11.5 million SHIB to dead wallets. According to Shibburn’s update, the burn occurred only in two transactions.

Shiba Inu community efforts and SHIB supply overview

Within the last 24 hours, the community incinerated a total of 11,696,177 SHIB to control the circulating supply. The first transaction saw 3,271,537 SHIB incinerated, and a second transaction occurred hours later.

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