The burn rate of Shiba Inu, a cryptocurrency, has increased by 471.82% in the past 24 hours, with 15.39 million SHIB tokens permanently removed from circulation. This shows the community's efforts to decrease the token supply and may impact its value. Token burning involves sending tokens to an inaccessible wallet to reduce supply. While the increase in burn rate can potentially increase demand and price, the overall impact depends on market sentiment and adoption. Despite the relatively small number of tokens burned compared to the circulating supply, the burn strategy remains a crucial part of Shiba Inu's long-term plans. As adoption and integration of burn mechanisms grow, the cumulative effect on price could become more noticeable over time, and investors are closely monitoring these burn activities.



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