Shiba Inu Burn Rate Surges By Over 500%

Shiba Inu has experienced a remarkable 500% surge in burn rate in just 24 hours

Over 83 million SHIB tokens were removed from circulation, signaling a deliberate effort by holders to reduce the coin's supply

According to Shibburn data, an anonymous entity burned 82 million SHIB tokens in just half an hour

This sudden increase in token burn coincides with growing activity on Shibarium, Shiba Inu's Layer-2 blockchain platform

On November 21, Shibarium's Layer-2 blockchain saw a surge in daily transactions, doubling to nearly 35,000.