The Shiba Inu burn rate has experienced a significant surge, with a remarkable increase in the number of addresses participating in token burns. The burned tokens have spiked by over 1,100% in just one day, indicating a growing willingness among investors to burn tokens. Shibburn, the official tracker of daily SHIB token burns, reported a 1,166% spike in burn rate, with 35.29 million tokens burned in a 24-hour period. The number of burn transactions has also doubled, showing a positive trend. Notable burns were spread across various transactions, with one wallet burning over 10 million tokens. This surge follows a recent uptrend, contrasting with previous muted performances. Despite this, Shiba Inu's daily trading volume has decreased by 14.22%, with a 0.71% daily price decline and a 15.17% drop in the past week. Read more AI-generated news on: https://app.chaingpt.org/news