The popular cryptocurrency tracker Shibburn reported that a significant number of SHIB meme coins have been removed from circulation in the past day. This comes as the price of SHIB attempts to recover from a 34% crash. The Shiba Inu community has transferred 18,760,236 SHIB to unspendable wallets, increasing the daily burn rate by 577.7%. In the past seven days, the community burned a staggering 1,179,204,442 SHIB, a 3,551.42% surge in burn rate. Most of these meme coins were burned in a single transfer of 1,000,000,000 Shiba Inu to a dead-end wallet. The price of SHIB has seen a 7.74% increase in the past 24 hours, but experienced significant drops recently due to market volatility and trade tariffs.



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