Dog-themed cryptocurrency Shiba Inu (SHIB) has experienced a significant increase in its burn rate over the past 24 hours and the past week. The burn rate has risen by 847% in the last 24 hours, with 31,010,900 SHIB tokens burned. In the past week, over 1.1 billion SHIB tokens have been burned, resulting in a 4,930% increase in the weekly burn rate. The surge in burn rate was driven by the launch of the enhanced Shiba Inu Burn Portal, ShibTorch V2, where 1 billion SHIB tokens were burned. Despite the increase in burn rate, the price of Shiba Inu has declined in the last 24 hours and week. The launch of ShibTorch V2 marks an important milestone for Shiba Inu's larger vision, the Shiba Inu Operating System. The new release adds features to improve the burning process, enhance security, and increase community interaction. ShibTorch V2 is now integrated into the official Shiba Inu website, allowing SHIB holders to participate in the burning process.



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