Shiba Inu has witnessed a remarkable surge in its token burn rate, skyrocketing by an impressive 25,035.22% over the past day, according to Shibburn. This increase reflects a strong community commitment to reducing the token’s supply and enhancing its deflationary status during a widespread market downturn, aligning with insights previously shared by ETHNews. Despite the broader crypto market undergoing significant price corrections, Shiba Inu is actively countering the trend by increasing the number of tokens it burns. In just one day, eleven transactions led to the burning of 658,082,956 SHIB, effectively reducing the total supply from its initial one quadrillion
