Shiba Inu (SHIB) has experienced a significant increase in its burn rate, with over 1,000% more tokens being permanently removed from circulation. This has created anticipation among investors for a bullish price movement. In the last 24 hours, 51,763,782 SHIB tokens were burned, and in the past week, 2.44 billion tokens were burned. These burns have significantly reduced the total supply of SHIB tokens. The increased burn activity indicates strong community involvement and has contributed to a surge in trading volume. Recent upgrades to the Shibarium layer-2 solution have also increased investor optimism. Despite the burn rate surge, SHIB's price has slipped in the last 24 hours but has shown a 12% increase over the past week.



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