SHIB burning rate surged by 4000%, with 8.6 billion SHIB removed from circulation in the past seven days

According to CryptoPotato, in the past seven days, the burning rate of Shiba Inu has surged by 4000%, removing over 8.6 billion SHIB from circulation to increase its scarcity and value. Despite the significant increase in burning rate, the price of SHIB has only experienced a slight change, dropping by 2% within 24 hours but with a weekly increase of 9%.

Shiba Inu's Layer-2 solution Shibarium has made significant progress, surpassing 2 million blocks and nearly 150 million transactions, improving the competitiveness of Meme coins by reducing fees and accelerating transaction speed.