The Shiba Inu cryptocurrency has experienced a significant rise in its burn rate, soaring by 64,201% with a record 657 million SHIB tokens permanently removed from circulation in the last 24 hours, as per the Shibburn X account. This burn involved eight transactions totaling $13,878. Notably, a single transaction accounted for the removal of approximately 650 million SHIB to dead addresses, highlighting the community’s active role in influencing market dynamics during a time when many other digital assets are facing steep declines in a period often described as a “crypto bloodbath.” Despite this large volume of tokens being burned, the
