The tracking platform Shibburn has reported a significant increase in the burn rate of the Shiba Inu meme coin, with a 436.15% increase in the past 24 hours. This was due to six large transactions that transferred a total of 52,341,966 SHIB meme coins to unspendable addresses. The lead developer of Shiba Inu, Shytoshi Kusama, tweeted about the SHIB surge since its all-time low in September 2020, stating that the coin has experienced a mammoth 33,774,726.7% price growth over the past four years. Despite this, the SHIB price has declined by almost 5% in the past day.



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