Inu's burn rate has indeed seen significant increases, with a 656.15% surge on May 6, following an 825% increase in April. This brings the total number of $SHIB tokens burned to over 410 trillion since the project's inception.

*Key Statistics:*

- *April Burn Rate Increase:* 825%

- *May 6 Burn Rate Increase:* 656.15%

- *Tokens Burned in April:* 26.48 million SHIB

- *Tokens Burned in Latest Round:* 16,779,365 SHIB

*Impact on $SHIB Ecosystem:*

- *Reduced Supply:* The burn mechanism aims to create scarcity, potentially driving up token value.

- *Price Dynamics:* Reduced supply coupled with growing demand may lead to increased token prices.

- *Investor Sentiment:* Higher burn rates can create a sense of exclusivity, attracting potential investors ¹.

*Shiba Inu Burn Mechanism:*

The burn mechanism involves sending tokens to a burn address, effectively removing them from circulation. This process is transparent and trackable on the Ethereum blockchain ¹.

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