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The Shiba Inu burn rate has witnessed fluctuations, with varying numbers on different days. Recently, there has been a significant increase in the burn rate, with billions of SHIB burned on specific days.

 

 

According to Shibburn data, 8,593,932,621 SHIB were sent to dead wallets in the last 24 hours. A notable transaction occurring 5 hours ago involved sending 8,533,564,693 SHIB to the dead wallet. This spike in burn rate has brought relief to the SHIB community, countering the previous trend of a declining burn rate. Notably, this surge aligns with a period where Shiba Inu is performing better compared to the past few weeks.

 

 

In response to the increased burn rate, CoinMarketCap data indicates that SHIB is currently trading at $0.00001064, reflecting a 3.5% increase in value over the last 24 hours.

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