The popular crypto tracker Shibburn has reported that a significant number of meme coins have been burned in the past day, causing the price of SHIB to drop by over 11%. The burn rate has increased by 360%, with a total of 5,573,943 SHIB removed from circulation. The largest burn transaction wiped out 5,021,203 SHIB, with the second largest burn containing 502,260 SHIB. Over the past seven days, a total of 28,334,605 SHIB has been burned. The price of SHIB has fallen to $0.00001792, following Bitcoin's recent drop. SHIB lead Shytoshi Kusama has taken on a new role as lead ambassador, stating that Shiba Inu has become a Network State and emphasizing the team's focus on global adoption.



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