The burn rate of Shiba Inu (SHIB) has experienced a major drop, with over 55% fewer coins burned in the past day, according to data from Shibburn. The largest single burn transfer was for 8,910,223 SHIB coins. The weekly burn rate has also decreased by almost 35%, with a total of 67,808,766 SHIB burned. Some members of the SHIB community are calling for a higher burn rate, with the belief that it could significantly boost the price of the coin. The circulating supply of SHIB is currently 584,209,136,211,127 SHIB. Meanwhile, the SHIB price has seen an 8.2% increase in the past 24 hours. The leader of the SHIB developer team, Shytoshi Kusama, warned the community about potential scams related to the launch of the TREAT token, urging them to be cautious.



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