#MyStrategyEvolution According to data from Shibburn, the Shiba Inu burn rate has surged by 1,900% in just 24 hours. More than 13.5 million tokens have been burned – marking one of the largest increases in a single day recently.

However, this burn event comes at a time when the overall market is showing signs of a downward reversal and memecoins like SHIB are under greater pressure.

While the burn rate in 24 hours has spiked, the data over 7 days presents a contrasting picture.

Notably, the weekly amount of tokens burned has decreased by nearly 20%, with just over 552 million SHIB removed from circulation.