Shiba Inu Burn Rate Explodes by 1000% | New SHIB Price High Coming Soon?!

Shiba Inu Burn Rate Surges by 1000% Today

The Shiba Inu burn rate surged by 1041.91% today, according to SheBurn data, with over 6.54 million SHIB tokens burned over the past 24 hours. This massive burn rate has also sparked discussions about a potential SHIB price spike in the

near future.

According to SheBurn data, the two highest burns over the past 24 hours were conducted by the same wallet address 0". This wallet removed 2.14 millionx608....9fe80" tokens in two transactions. This indicates the growing support of the SHIB community for reducing the token supply.

Meanwhile, the SHIB burn rate has increased significantly over the past few days, sparking investor optimism over the past

7 days - a total of 26.63 million tokens

have been removed from the total supply.

As of this writing, 410.73 trillion SHIB have been burned from the initial supply. However, despite the recent burning frenzy, the current circulating supply stands at 583.51 trillion.