Shiba Inu marked its fifth anniversary with a 5,809% spike in burn rate, eliminating over 4.1 million $SHIB in 24 hours and 628 million over the past week.

Despite the aggressive burns, SHIB’s price dropped 5.85% to $0.00001208, with market cap at $7.1B. The surge in burns highlights strong community efforts amid a broader crypto market downturn triggered by escalating U.S. trade tariffs.