SHIB Burn Party: 410 Trillion Gone, But Price Needs Help 

• Shiba Inu burns millions of SHIB despite price drop
• Daily burn rate surges, but weekly volume lags
• Over 410 trillion SHIB burned since launch

Shiba Inu’s daily token burn rate has surged despite a recent decline in the price of its native token, SHIB. A recent update on the SHIB burn tracker on X revealed a steep 62.58% increase in the burn rate within the last 24 hours, as the project removes several million SHIB tokens from circulation.

Through this latest burning initiative, the Shiba Inu community has successfully taken 6.9 million SHIB tokens out of circulation. Several transactions stand out among the ten executed thus far. These include burning large quantities of SHIB tokens at various intervals.

In addition to the recent burning of 6.9 million SHIB, the Shiba Inu community has eliminated several more tokens in the past week, bringing the total burned to 57.67 million SHIB over …

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