Shiba Inu's burning rate has increased significantly by over 1,000% as part of efforts to decrease its supply and enhance value. The popular meme coin has witnessed a substantial number of tokens removed from its total circulating supply, with the burn rate soaring by 1,200% in the past 24 hours. This resulted in over 51 million assets being destroyed, representing approximately 30% of all the assets sent to a null address in the last seven days. Shiba Inu has a maximum supply of 999,982,363,413,352 tokens, and the burning mechanism is one way to make the meme coin scarcer and potentially more valuable in time.

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