Shiba Inu Burn Rate Jumps 657 Percent as 15.16 Million SHIB Sent to Dead Wallets

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Shiba Inu's daily burn rate surged 657 percent, with 15.16 million SHIB sent to dead wallets, according to the project's burn tracking page. The spike marks a sharp one-day acceleration in the pace at which the token supply is being removed from circulation. The burned tokens were transferred to dead wallets, addresses from which the SHIB cannot be recovered or spent. The burn page data covers the daily burn rate for the Shiba Inu token.

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15.16 million SHIB burned in a day, a 657% spike in burn rate, reducing token supply.