The burn rate of the SHIB meme cryptocurrency has reached a new high, with over 2.65 million SHIB coins transferred to unspendable wallets in the past day. Despite the spike in burn rate, the price of SHIB declined by 3%. The SHIB community and developers have burned a total of over 410 trillion coins, which is almost half of the original supply. Additionally, the layer-2 blockchain Shibarium has seen significant growth in daily transactions and the number of accounts.



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