Shiba Inu skyrockets 5,762% in burn rate with millions of SHIB destroyed

The cryptocurrency Shiba Inu (SHIB) has surprised the market with a 5,762% increase in its burn rate over the last 24 hours, resulting in the destruction of more than 60 million SHIB tokens. This drastic increase in burning aims to reduce the circulating supply and consequently increase the asset's value. The community behind the project, known as the “Shib Army,” continues to drive burn campaigns with the support of platforms like Shibburn. Although the price has not yet reflected a significant jump, analysts point out that this trend could create upward pressure in the medium term. The massive burning reinforces the Shiba Inu ecosystem's commitment to its deflationary and sustained vision over time. $SHIB